Landstar System Q2 2024 GAAP EPS $1.48 Beats $1.46 Estimate, Sales $1.225B Miss $1.248B Estimate
Portfolio Pulse from Benzinga Newsdesk
Landstar System (NASDAQ:LSTR) reported Q2 2024 GAAP EPS of $1.48, beating the estimate of $1.46. However, sales were $1.225 billion, missing the estimate of $1.248 billion and showing a 10.84% decrease from the same period last year.
July 30, 2024 | 8:17 pm
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Landstar System reported Q2 2024 GAAP EPS of $1.48, beating the estimate of $1.46. However, sales were $1.225 billion, missing the estimate of $1.248 billion and showing a 10.84% decrease from the same period last year.
While the EPS beat the estimates, the miss on sales and the significant YoY decrease in revenue could create mixed reactions in the market. Investors may be concerned about the declining sales trend, which could offset the positive EPS news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100