Reported 1 day ago
Old Dominion Freight Line exceeded Q3 earnings expectations with a share price increase of 4.2% in pre-market trading. The carrier reported earnings per share of $1.28, better than anticipated but lower than the previous year. Revenues reached $1.41 billion, slightly above estimates, though tonnage dropped by 9% year-over-year. Despite various pressures including a higher tax rate and reduced shipments, CEO Marty Freeman expressed confidence in the company's strategic position for future demand recovery.
Source: YAHOO