Landstar System Q1 2024 GAAP EPS $1.32 Beats $1.31 Estimate, Sales $1.171B Beat $1.122B Estimate
Portfolio Pulse from Benzinga Newsdesk
Landstar System reported Q1 2024 earnings of $1.32 per share, surpassing the $1.31 estimate, with sales of $1.171B exceeding the $1.122B forecast. This represents an 18.45% decrease in sales compared to the same period last year.
April 24, 2024 | 8:55 pm
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Landstar System's Q1 2024 earnings and sales exceeded analyst expectations, with a slight decrease in year-over-year sales.
Beating both earnings and sales estimates typically has a positive impact on a company's stock price in the short term. However, the significant decrease in sales year-over-year might temper investor enthusiasm, suggesting a cautious optimism.
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