Investing.com - Landstar reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Landstar announced earnings per share of $2.76 on revenue of $1.82. Analysts polled by Investing.com anticipated EPS of $2.77 on revenue of $1.81B.
Landstar shares are down 36.64% from the beginning of the year, still down 23.85% from its 52 week high of $188.63 set on November 5, 2021.
Landstar follows other major Industrials sector earnings this month
Landstar's report follows an earnings missed by Lockheed Martin on July 19, who reported EPS of $1.16 on revenue of $15.45B, compared to forecasts EPS of $1.88 on revenue of $15.98B.
Cintas had beat expectations on September 28 with first quarter EPS of $3.39 on revenue of $2.17B, compared to forecast for EPS of $3.13 on revenue of $2.08B.
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