Wednesday, Landstar System Inc. (LSTR) reported third-quarter net income of $20.1 million or $0.39 per share, compared to net income of $32.8 million or $0.62 per share in the same quarter last year.
On average, 16 analysts polled by Thomson Reuters expected the company to earn $0.38 per share for the quarter. Analysts' estimates typically exclude special items.
Revenue for the quarter was $500.7 million, down from $732.8 million in the comparable quarter last year. Analysts expected the company to report revenue of $512.98 million for the quarter.
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