OLD Dominion Freight Line reported quarterly earnings of US$1.48 per share, exceeding the Zacks Consensus Estimate of $1.45 per share, reports New York's Business Insider.
This is an increase from $1.33 per share in the same period last year, with figures adjusted for non-recurring items.
The earnings report represents a 2.07 per cent surprise. In the previous quarter, the company was expected to earn $1.33 per share but reported $1.34, resulting in a 0.75 per cent surprise.
Over the past four quarters, old Dominion has consistently exceeded consensus EPS estimates.
In the Zacks Transportation - Truck industry, Old Dominion posted revenues of $1.5 billion for the quarter ending June 2024, falling short of the Zacks Consensus Estimate by 0.04 per cent.
This compares to $1.41 billion in revenues from the same quarter last year. The company has beaten consensus revenue estimates only once in the past four quarters.
The stock's immediate price movement and future performance will largely depend on management's commentary during the earnings call.
Since the beginning of the year, Old Dominion shares have declined 4.4 per cent, while the S&P 500 has risen 16.5 per cent.
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This is an increase from $1.33 per share in the same period last year, with figures adjusted for non-recurring items.
The earnings report represents a 2.07 per cent surprise. In the previous quarter, the company was expected to earn $1.33 per share but reported $1.34, resulting in a 0.75 per cent surprise.
Over the past four quarters, old Dominion has consistently exceeded consensus EPS estimates.
In the Zacks Transportation - Truck industry, Old Dominion posted revenues of $1.5 billion for the quarter ending June 2024, falling short of the Zacks Consensus Estimate by 0.04 per cent.
This compares to $1.41 billion in revenues from the same quarter last year. The company has beaten consensus revenue estimates only once in the past four quarters.
The stock's immediate price movement and future performance will largely depend on management's commentary during the earnings call.
Since the beginning of the year, Old Dominion shares have declined 4.4 per cent, while the S&P 500 has risen 16.5 per cent.
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