Old Dominion Freight Line Q1 Profit Retreats 4%

(RTTNews) - Old Dominion Freight Line (ODFL) released earnings for first quarter that lost ground compared to the same period last year.

The company said its earnings dropped to $60.29 million, or $0.72 per share. This was lower than $62.52 million, or $0.73 per share, in last year's first quarter.

Analysts had expected the company to earn $0.76 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.7% to $707.73 million. This was up from $696.24 million last year.

Old Dominion Freight Line earnings at a glance:

-Earnings (Q1): $60.29 Mln. vs. $62.52 Mln. last year. -Earnings Decline (Y-o-Y): -3.6% -EPS (Q1): $0.72 vs. $0.73 last year. -EPS Decline (Y-o-Y): -1.4% -Analysts Estimate: $0.76 -Revenue (Q1): $707.73 Mln vs. $696.24 Mln last year. -Revenue Change (Y-o-Y): 1.7%