Innovation Update

Landstar System 1Q Profit Sinks, Misses Views

Stock quotes in this article: LSTR  

But Landstar warned the prediction was not official.

"This in no way should be interpreted as any sort of guidance, but rather a demonstration of the resiliency of our model and that Landstar's ability to generate earnings is somewhat insulated from possible effects of a prolonged recession," the company said in a statement.

Analysts polled by Thomson Reuters currently predict 44 cents per share.

Shares lost 23 cents during the regular session to close at $35.11. They lost 1 cent in aftermarket trading to reach $35.10.

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