Landstar System (LSTR) Misses Q2 EPS by 5c
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Landstar System Reports Second Quarter Revenue Of $775 Million And Diluted Earnings Per Share Of $0.76
July 20, 2016 4:15 PM EDTJACKSONVILLE, Fla., July 20, 2016 /PRNewswire/ -- Landstar System, Inc. (NASDAQ: LSTR) reported second quarter diluted earnings per share of $0.76 on revenue of $775 million in the 2016 second quarter. Net income was negatively impacted by elevated insurance and claims costs, driven mostly by the severity of claims, in the 2016 second quarter, the highest quarterly insurance and claims cost over the past 6 years.  Landstar reported diluted earnings per share of $0.92 on revenue of $868 million in the 2015 second quarter. Gross profit (defined as revenue less the cost of purchased transportation and commissions to agents) was $121.0 million in... More
