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Landstar quantifies suspected fraud event, delays Q1 report

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Summary
Nutrition label

88% Informative

Landstar System delayed reporting first-quarter results as it further investigates suspected supply chain fraud.

The Jacksonville , Florida -based company cut its earnings-per-share guidance for the quarter to a range of 90 to 95 cents .

It said the event is not expected to exceed $15 million of net income before accounting for professional fees.

VR Score

92

Informative language

92

Neutral language

81

Article tone

formal

Language

English

Language complexity

50

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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