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Article: Landstar Meets Expectations - Analyst Blog
- Article from:
- Zacks Investment Research - Analyst Blog
- Article date:
- October 15, 2009
- Author:
CopyrightCopyright 2009 Zacks Investment Research. (Hide copyright information)
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Landstar Meets Expectations - Analyst Blog
Landstar System Inc.
(
LSTR
) reported third-quarter results after the closing bell yesterday. The company’s net income declined 38.7% to $20.1 million, compared to $32.8 million in the year-ago quarter. Earnings per share of 39 cents was well below the year-ago result of 62 cents per share, though it matched the Zacks Consensus Estimate.
Landstar is a non-asset based provider of integrated supply chain solutions. The company offers specialized transportation, warehousing and logistics services through a worldwide network of more than 1,000 independent sales agents, 8,000 business capacity owners and 25,000 contract carriers ...