JACKSONVILLE, Fla. (AP) _ Landstar System Inc. (LSTR) on Wednesday reported fourth-quarter net income of $50 million.

The Jacksonville, Florida-based company said it had profit of $1.27 per share.

The results fell short of Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.

The freight shipper and warehouser posted revenue of $994.9 million in the period, topping Street forecasts. Six analysts surveyed by Zacks expected $992.5 million.

For the year, the company reported profit of $227.7 million, or $5.72 per share. Revenue was reported as $4.08 billion.

Landstar shares have decreased 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $111.35, a rise of roughly 8% in the last 12 months.

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

Automated Insights, source Associated Press News