Landstar System (LSTR) reported fiscal Q1 earnings Tuesday of $0.85 per diluted share, down from $1.32 a year earlier.
Analysts polled by FactSet expected $0.75.
Revenue for the fiscal quarter ended March 29 was $1.15 billion, down from $1.17 billion a year earlier.
Analysts surveyed by FactSet expected $1.14 billion.
The company also said its board increased the quarterly dividend by 11% to $0.40 per share, payable on June 24 to shareholders of record as of June 5.
Shares of the company were down 2.9% in recent premarket activity.
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