Landstar System (LSTR) Reports In-Line Q2 EPS
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Landstar System Reports Diluted Earnings per Share of $0.89 on Record Second Quarter Revenue of $870 Million
July 26, 2017 4:15 PM EDTJACKSONVILLE, Fla., July 26, 2017 (GLOBE NEWSWIRE) -- Landstar System, Inc. (NASDAQ: LSTR) reported diluted earnings per share of $0.89 on record second quarter revenue of $870 million in the 2017 second quarter. Landstar reported diluted earnings per share of $0.76 on revenue of $775 million in the 2016 second quarter. Gross profit (defined as revenue less the cost of purchased transportation and commissions to agents) was a second quarter record of $132.6 million in the 2017 second quarter compared to $121.0 million in the 2016 second quarter. Operating margin, representing operating income divided by gross profit, was 46.0 percent in the 2017 second quarter.
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