Old Dominion Freight Line Q2 EPS $2.65, Inline, Sales $1.41B Miss $1.44B Estimate
Portfolio Pulse from Benzinga Newsdesk
Old Dominion Freight Line (NASDAQ:ODFL) reported Q2 earnings of $2.65 per share, in line with analyst consensus. However, the company's quarterly sales of $1.41 billion missed the analyst consensus estimate of $1.44 billion by 1.88 percent. This represents a 19.7 percent decrease in earnings and a 15.26 percent decrease in sales compared to the same period last year.
July 26, 2023 | 11:01 am
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Old Dominion Freight Line's Q2 earnings met expectations but sales fell short of estimates. This could potentially impact investor confidence and the company's stock price.
Old Dominion Freight Line's Q2 earnings were in line with expectations, which is positive. However, the company's sales missed estimates, which is a negative signal. Additionally, both earnings and sales decreased compared to the same period last year, which could negatively impact investor sentiment and put downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100