Old Dominion Freight Line Q1 2024 GAAP EPS $1.34, Inline, Sales $1.460B Miss $1.473B Estimate
Portfolio Pulse from Benzinga Newsdesk
Old Dominion Freight Line (ODFL) reported Q1 2024 earnings of $1.34 per share, meeting analyst estimates, but missed revenue expectations with $1.460 billion against a forecast of $1.473 billion, marking a 1.25% year-over-year increase.
April 24, 2024 | 11:01 am
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ODFL met Q1 2024 EPS estimates at $1.34 but missed on revenue, reporting $1.460 billion against expectations of $1.473 billion, a slight year-over-year growth.
Meeting EPS estimates typically reflects positively on a company's financial health and operational efficiency, which can reassure investors. However, missing revenue forecasts, even slightly, may raise concerns about growth prospects and market expectations. The mixed results could lead to neutral short-term stock price movement as investors digest both the positive and negative aspects of the earnings report.
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