Market Overview

Recap: Old Dominion Freight Line Q3 Earnings

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Shares of Old Dominion Freight Line (NASDAQ:ODFL) rose 0.3% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 16.59% over the past year to $1.71, which beat the estimate of $1.53.

Revenue of $1,058,000,000 rose by 0.95% year over year, which beat the estimate of $1,050,000,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Old Dominion Freight Line hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Oct 27, 2020

Time: 10:00 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1053/38054

Recent Stock Performance

52-week high: $227.21

52-week low: $119.01

Price action over last quarter: Up 7.77%

Company Profile

Old Dominion Freight Line is the third- largest less-than-truckload carrier in the United States, with more than 235 service centers and 9,200-plus tractors. OD is by far one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns stand head and shoulders above its peers. Strategic initiatives revolve around increasing network density through market share gains and maintaining industry- leading levels of service through consistent infrastructure investment.

 

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