JACKSONVILLE, Fla. (AP) _ Landstar System Inc. (LSTR) on Wednesday reported fourth-quarter profit of $113.3 million.

The Jacksonville, Florida-based company said it had profit of $2.99 per share.

The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.85 per share.

The freight shipper and warehouser posted revenue of $1.95 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $1.85 billion.

For the year, the company reported profit of $381.5 million, or $9.98 per share. Revenue was reported as $6.54 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on LSTR at https://www.zacks.com/ap/LSTR

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