Landstar System Inc. Bottom Line Rises In Q2

Landstar System Inc. (LSTR) announced a profit for its second quarter that climbed from last year.

The company's profit came in at $92.3 million, or $2.40 per share. This compares with $24.3 million, or $0.63 per share, in last year's second quarter.

Analysts had expected the company to earn $2.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 90.5% to $1.57 billion from $824 million last year.

Landstar System Inc. earnings at a glance:

-Earnings (Q2): $92.3 Mln. vs. $24.3 Mln. last year.
-EPS (Q2): $2.40 vs. $0.63 last year.
-Analysts Estimate: $2.31
-Revenue (Q2): $1.57 Bln vs. $824 Mln last year.

Next quarter EPS guidance: $2.20-$2.30
Next quarter revenue guidance: $1.55-$1.60 Bln

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