Landstar System Cuts 1Q EPS Guidance on Supply-Chain Fraud Investigation

Dow Jones

2025/04/03

By Katherine Hamilton

Landstar System has identified significant supply-chain fraud which could affect outlook.

The freight company said Wednesday it believes the fraud may cut first-quarter earnings per share by 35 cents to 50 cents due to an impairment of trade accounts receivable recorded on its December balance sheet.

It now anticipates first-quarter earnings per share to be 90 cents to 95 cents. Landstar had previously guided for earnings per share of $1.05 to $1.25. Analysts polled by FactSet are forecasting $1.12 a share.

Landstar said it is investigating the fraud, which does not involve its core North American truckload services.

The company said it expects insurance and claims costs to be elevated in the first quarter due to cargo theft and truck accident claim development.

The company plans to release its first-quarter results on April 29.

Shares fell 6.2% to $142.50 after the market closed Wednesday.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

April 02, 2025 17:59 ET (21:59 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

应版权方要求，你需要登录查看该内容

登录 / 注册

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

热议股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hans","ssrTDKData":{"titleTemplate":"%s - 老虎证券","title":"老虎证券 | 轻松买卖美股港股A股/美债/ETF/Crypto/期权期货","description":"老虎证券提供多项优惠：港股&Crypto 0佣、A股通一年免佣、美股期权0佣、IPO打新0融资利息0手续费。 美股1美元起投，免费实时行情与多种工具，立即开户享更多优惠！","keywords":"老虎证券,老虎证券开户,老虎证券香港,老虎证券登录,老虎证券官网,香港证券开户,证券公司开户,股票开户,香港证券公司,香港证券,证券公司,股票投资,投资app,投资平台,股票买卖,股票交易平台,股票app,证券app,新手投资","social":{"ogDescription":"老虎证券提供多项优惠：港股&Crypto 0佣、A股通一年免佣、美股期权0佣、IPO打新0融资利息0手续费。 美股1美元起投，免费实时行情与多种工具，立即开户享更多优惠！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hans/news/2524421764"},"companyName":"老虎证券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2524421764\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2524421764?lang=zh_CN&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-04-03 05:59","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2524421764","market":"nz","top_or_hot":-1,"title":"Landstar System Cuts 1Q EPS Guidance on Supply-Chain Fraud Investigation","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Katherine Hamilton \n</p>\n<p>\n  Landstar System has identified significant supply-chain fraud which could affect outlook. \n</p>\n<p>\n  The freight company said Wednesday it believes the fraud may cut first-quarter earnings per share by 35 cents to 50 cents due to an impairment of trade accounts receivable recorded on its December balance sheet. \n</p>\n<p>\n  It now anticipates first-quarter earnings per share to be 90 cents to 95 cents. Landstar had previously guided for earnings per share of $1.05 to $1.25. Analysts polled by FactSet are forecasting $1.12 a share. \n</p>\n<p>\n  Landstar said it is investigating the fraud, which does not involve its core North American truckload services. \n</p>\n<p>\n  The company said it expects insurance and claims costs to be elevated in the first quarter due to cargo theft and truck accident claim development. \n</p>\n<p>\n  The company plans to release its first-quarter results on April 29. \n</p>\n<p>\n  Shares fell 6.2% to $142.50 after the market closed Wednesday. \n</p>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 02, 2025 17:59 ET (21:59 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Landstar System Cuts 1Q EPS Guidance on Supply-Chain Fraud Investigation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLandstar System Cuts 1Q EPS Guidance on Supply-Chain Fraud Investigation\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-04-03 05:59</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Katherine Hamilton \n</p>\n<p>\n  Landstar System has identified significant supply-chain fraud which could affect outlook. \n</p>\n<p>\n  The freight company said Wednesday it believes the fraud may cut first-quarter earnings per share by 35 cents to 50 cents due to an impairment of trade accounts receivable recorded on its December balance sheet. \n</p>\n<p>\n  It now anticipates first-quarter earnings per share to be 90 cents to 95 cents. Landstar had previously guided for earnings per share of $1.05 to $1.25. Analysts polled by FactSet are forecasting $1.12 a share. \n</p>\n<p>\n  Landstar said it is investigating the fraud, which does not involve its core North American truckload services. \n</p>\n<p>\n  The company said it expects insurance and claims costs to be elevated in the first quarter due to cargo theft and truck accident claim development. \n</p>\n<p>\n  The company plans to release its first-quarter results on April 29. \n</p>\n<p>\n  Shares fell 6.2% to $142.50 after the market closed Wednesday. \n</p>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 02, 2025 17:59 ET (21:59 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LSTR","symbol_name":"莱帝运输","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2524421764","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2524421764","pubTimestamp":1743631140,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Landstar System has identified significant supply-chain fraud which could affect outlook.The freight company said Wednesday it believes the fraud may cut first-quarter earnings per share by 35 cents to 50 cents due to an impairment of trade accounts receivable recorded on its December balance sheet.It now anticipates first-quarter earnings per share to be 90 cents to 95 cents. Landstar had previously guided for earnings per share of $1.05 to $1.25. Analysts polled by FactSet are forecasting $1.12 a share.Landstar said it is investigating the fraud, which does not involve its core North American truckload services.The company said it expects insurance and claims costs to be elevated in the first quarter due to cargo theft and truck accident claim development.The company plans to release its first-quarter results on April 29.Shares fell 6.2% to $142.50 after the market closed Wednesday.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"LSTR":"莱帝运输"},"translate_title":"Landstar System削减供应链欺诈调查第一季度每股收益指引","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"LSTR":1},"content_text":"By Katherine Hamilton \n\n\n  Landstar System has identified significant supply-chain fraud which could affect outlook. \n\n\n  The freight company said Wednesday it believes the fraud may cut first-quarter earnings per share by 35 cents to 50 cents due to an impairment of trade accounts receivable recorded on its December balance sheet. \n\n\n  It now anticipates first-quarter earnings per share to be 90 cents to 95 cents. Landstar had previously guided for earnings per share of $1.05 to $1.25. Analysts polled by FactSet are forecasting $1.12 a share. \n\n\n  Landstar said it is investigating the fraud, which does not involve its core North American truckload services. \n\n\n  The company said it expects insurance and claims costs to be elevated in the first quarter due to cargo theft and truck accident claim development. \n\n\n  The company plans to release its first-quarter results on April 29. \n\n\n  Shares fell 6.2% to $142.50 after the market closed Wednesday. \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 02, 2025 17:59 ET (21:59 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}