Landstar System Inc. Bottom Line Advances 7% In Q3

(RTTNews) - Landstar System Inc. (LSTR) revealed a profit for its third quarter that increased from last year.

The company said its bottom line totaled $39.35 million, or $0.90 per share. This was up from $36.76 million, or $0.82 per share, in last year's third quarter.

Analysts had expected the company to earn $0.90 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 2.7% to $841.73 million. This was up from $819.32 million last year.

Landstar System Inc. earnings at a glance:

-Earnings (Q3): $39.35 Mln. vs. $36.76 Mln. last year. -Earnings Growth (Y-o-Y): 7.0% -EPS (Q3): $0.90 vs. $0.82 last year. -EPS Growth (Y-o-Y): 9.8% -Analysts Estimate: $0.90 -Revenue (Q3): $841.73 Mln vs. $819.32 Mln last year. -Revenue Change (Y-o-Y): 2.7%

-Guidance: Next quarter EPS guidance: $0.85 - $0.90 Next quarter revenue guidance: $815 - $865 Mln