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JACKSONVILLE, Fla. (AP) — JACKSONVILLE, Fla. (AP) — Landstar System Inc. (LSTR) on Wednesday reported first-quarter net income of $47.1 million.
The Jacksonville, Florida-based company said it had net income of $1.32 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The freight shipper and warehouser posted revenue of $1.17 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $1.12 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LSTR at https://www.zacks.com/ap/LSTR