JACKSONVILLE, Fla. (AP) _ Landstar System Inc. (LSTR) on Wednesday reported fourth-quarter profit of $93.3 million.
The Jacksonville, Florida-based company said it had net income of $2.60 per share.
The results did not meet Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.62 per share.
The freight shipper and warehouser posted revenue of $1.67 billion in the period, which also did not meet Street forecasts. Seven analysts surveyed by Zacks expected $1.77 billion.
For the year, the company reported profit of $430.9 million, or $11.76 per share. Revenue was reported as $7.44 billion.
For the current quarter ending in March, Landstar said it expects revenue in the range of $1.4 billion to $1.45 billion.
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