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Analysts polled by Thomson Reuters, on average, expected a profit of 56 cents a share.
Revenue rose 10% to $698 million from $633 million during the June-ended period, meeting the 697.7 million mean view
Separately, the company said its board authorized a stock buyback of up to 2 million shares. Its board also declared a quarterly dividend of 4 cents a share, a 7% increase from the company's regular quarterly distribution.
The dividend is payable on Aug. 29 to shareholders of record on Aug. 11.
The Jacksonville, Fla.-based transportation and logistics services company said it expects the freight environment in the third quarter to be similar to the second quarter.
Landstar expects third-quarter earnings of 54 cents to 60 cents on a sales increase in the upper single-digit to lower double-digit range. Analysts expect earnings of 59 cents a share on sales of $681.7 million.
The company's shares closed at $54.54. Michelle Rama mr/gm
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