27.07.2017 13:46:38

Old Dominion Freight Line Q2 Profit Up 21%, Results Beat View - Quick Facts

(RTTNews) - Old Dominion Freight Line Inc. (ODFL) reported a 21 percent increase in profit for the second quarter from last year on higher revenues. The results for the quarter beat analysts' estimates.

The company's second-quarter net income was $98.42 million or $1.19 per share, up from $81.39 million or $0.98 per share in the prior-year quarter.

On average, fourteen analysts polled by Thomson Reuters expected the company to earn $1.1 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter grew 11.2 percent to $839.91 million from $755.44 million in the year-ago period. Analysts had a consensus revenue estimate of $822.55 million.

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Old Dominion Freight Line Inc. 172,95 -2,26% Old Dominion Freight Line Inc.