Benzinga | Oct 21, 2020 04:56PM EDT

Landstar System: Q3 Earnings Insights

Shares of Landstar System (NASDAQ:LSTR) rose 0.49% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 19.26% over the past year to $1.61, which beat the estimate of $1.37.

Revenue of $1,086,000,000 rose by 7.31% from the same period last year, which beat the estimate of $1,020,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Landstar System hasn't issued any revenue guidance for the time being.

Price Action

Company's 52-week high was at $139.99

52-week low: $85.30

Price action over last quarter: Up 4.41%

Company Description

Landstar System is an asset-light third-party logistics provider focused on over-the-road truck transportation (93% of revenue). It also offers intermodal (3%) and global air and ocean forwarding (3%). The remainder of its revenue stems from warehousing services and premiums from insurance programs offered to captive owner-operators.