Landstar System, Inc. (NASDAQ:LSTR) shares rose more than 2% on Thursday following the company’s roughly in-line Q3 results and better-than-expected Q4 guidance. Q3 EPS came in at $2.76, compared to the Street estimate of $2.77. Revenue was $1.82 billion, compared to the Street estimate of $1.81 billion.
The company expects Q4 revenue to be in the range of $1.775-$1.825 billion, which compares favorably to the Street estimate of $1.727 billion. Q4 EPS is expected to be in the range of $2.60—2.70, which compares favorably to the Street estimate of $2.56.
-- Advertisement --
