Data443 Risk Mitigation Inc (ATDS)

[BCNstocks]

LDSR news on EF this morning. Not yet showing on iHub or eTrade:

Tuesday, October 25 2011 6:10 AM, EST
Landstar System Q3 net income increases Comtex News Network   "Datamonitor"

Oct 25, 2011 (Datamonitor via COMTEX) -- Landstar System, Inc. , a provider of integrated supply chain solutions, has reported a net income attributable to the company and subsidiary of $30.16 million , or $0.64 per share, for the third quarter ended September 24, 2011 , compared to $21.8 million , or $0.44 per share, for the third quarter ended September 25, 2010 .

Revenue for the third quarter of 2011 was $684.01 million , compared to $622.83 million for the third quarter of 2010.

Net income attributable to the company and subsidiary for the first nine months ended September 24, 2011 was $80.37 million , or $1.68 per diluted share, compared to $63.41 million , or $1.27 per diluted share, for the first nine months ended September 25, 2010 .

Revenue for the first nine months of 2011 was $1.93 billion , compared to $1.81 billion for the first nine months of 2010.

Henry Gerkens , chairman, president and CEO of the company, said: "I am extremely pleased with the company's 2011 third quarter operating performance. Revenue increased ten percent over the 2010 third quarter, even after taking into account the anticipated revenue decline in our substitute line haul service offering. Excluding the substitute line haul revenue from both the 2011 and 2010 third quarters, revenue increased 16%. During the 2011 third quarter, the growth rate in the number of loads hauled increased each month compared to the corresponding prior year month as we moved through the quarter. Revenue per load continued to be strong. Consolidated operating income increased 38%, while earnings per diluted share increased 45% to $0.64 per diluted share, the best third quarter diluted earnings per share in Landstar history."



http://www.datamonitor.com

Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon