New book by Larry Connors Click here Improve your trading - See how
Landstar President and Chief Executive Officer Henry Gerkens offered this forward-looking statement, "I see a gradually improving overall freight environment, and I believe that the worst is over. I am cautiously optimistic as we close out 2009. The very difficult revenue comparisons to prior year experienced by Landstar throughout 2009 will continue to ease throughout the 2009 fourth quarter. Based on the current trends, I anticipate 2009 fourth quarter revenue to be similar to the 2009 third quarter revenue and diluted earnings per share to be within a range of $0.37 to $0.42 per diluted share." Analysts, on average, were projecting EPS of $0.40 on revenues of $506.41 million.
Write to Chip Brian at cbrian@tradethetrend.com
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