05:48 PM EDT, 04/24/2024 (MT Newswires) -- Landstar System ( LSTR ) reported fiscal Q1 earnings late Wednesday of $1.32 per diluted share, down from $2.17 a year earlier.

Analysts polled by Capital IQ expected $1.28.

Revenue in the quarter ended March 30 fell to $1.17 billion from $1.44 billion a year earlier. Analysts surveyed by Capital IQ expected $1.12 billion.

The company's board kept the quarterly dividend at $0.33 per share, payable May 24 to shareholders of record May 8.