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Landstar System 1Q Profit Sinks, Misses Views
Stock quotes in this article:
LSTR
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NEW YORK (AP) — Landstar System Inc. said Wednesday its first-quarter profit sank 41 percent, missing Wall Street's expectations, as the trucking and logistics company shipped less freight as demand waned.
The company earned $13.9 million, or 27 cents per share, compared with net income of $23.7 million, or 45 cents per share, a year earlier.
Revenue slipped fell 23 percent to $469.2 million from $608.8 million. ...
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