Old Dominion Freight Line Q3 EPS $3.09 Beats $2.92 Estimate, Sales $1.51B Miss $1.52B Estimate
Portfolio Pulse from Benzinga Newsdesk
Old Dominion Freight Line (NASDAQ:ODFL) reported Q3 earnings of $3.09 per share, beating the analyst consensus estimate of $2.92 by 5.82%. However, this is an 8.04% decrease from the same period last year. The company's quarterly sales were $1.51 billion, missing the analyst consensus estimate of $1.52 billion by 0.33%, and marking a 5.55% decrease from the same period last year.
October 25, 2023 | 11:02 am
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Old Dominion Freight Line's Q3 earnings beat estimates but were down YoY. Sales also missed estimates and were down YoY.
Old Dominion Freight Line's earnings beat estimates, which is positive. However, the YoY decrease in earnings and sales, as well as the missed sales estimate, could negatively impact the stock price in the short term.
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