Old Dominion Freight Line Reports 9% Gain In Q1 Profit

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

The company said its bottom line totaled $65.79 million, or $0.80 per share. This was higher than $60.28 million, or $0.72 per share, in last year's first quarter.

Analysts had expected the company to earn $0.79 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.6% to $754.10 million. This was up from $707.73 million last year.

Old Dominion Freight Line earnings at a glance:

-Earnings (Q1): $65.79 Mln. vs. $60.28 Mln. last year. -Earnings Growth (Y-o-Y): 9.1% -EPS (Q1): $0.80 vs. $0.72 last year. -EPS Growth (Y-o-Y): 11.1% -Analysts Estimate: $0.79 -Revenue (Q1): $754.10 Mln vs. $707.73 Mln last year. -Revenue Change (Y-o-Y): 6.6%