Old Dominion Freight Line Bottom Line Drops 5% In Q2

(RTTNews) - Old Dominion Freight Line (ODFL) revealed earnings for second quarter that dropped compared to the same period last year.

The company said its earnings declined to $81.39 million, or $0.98 per share. This was lower than $85.57 million, or $1.00 per share, in last year's second quarter.

Analysts had expected the company to earn $0.95 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 0.9% to $755.44 million. This was down from $762.15 million last year.

Old Dominion Freight Line earnings at a glance:

-Earnings (Q2): $81.39 Mln. vs. $85.57 Mln. last year. -Earnings Decline (Y-o-Y): -4.9% -EPS (Q2): $0.98 vs. $1.00 last year. -EPS Decline (Y-o-Y): -2.0% -Analysts Estimate: $0.95 -Revenue (Q2): $755.44 Mln vs. $762.15 Mln last year. -Revenue Change (Y-o-Y): -0.9%