Landstar (LSTR) Q1 Earnings, Revenues Beat Estimates, Down Y/Y

Landstar System, Inc. (LSTR) first-quarter 2024 earnings per share (EPS) of $1.32 beat the Zacks Consensus Estimate of$1.28 but fell 39.2% year over year. Revenues of $1,171 million outpaced the Zacks Consensus Estimate of$1,119.5 million but declined 18.4% year over year.Operating income fell 40.8% from the prior-year quarter’s figure to $59.96 million. Total costs and expenses (on a reported basis) decreased 16.6$1,114.49 million.Total revenues in the truck transportation segment — contributing to ...