Old Dominion Freight Line Q2 2024 GAAP EPS $1.48 Beats $1.46 Estimate, Sales $1.498B Miss $1.499B Estimate
Portfolio Pulse from Benzinga Newsdesk
Old Dominion Freight Line (NASDAQ: ODFL) reported Q2 2024 earnings per share (EPS) of $1.48, beating the analyst estimate of $1.46. However, sales of $1.498 billion slightly missed the estimate of $1.499 billion. EPS increased by 11.28% year-over-year, while sales grew by 6.02%.
July 24, 2024 | 11:02 am
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Old Dominion Freight Line reported Q2 2024 EPS of $1.48, beating estimates, but sales of $1.498 billion slightly missed expectations. EPS increased by 11.28% year-over-year, while sales grew by 6.02%.
The positive EPS surprise and significant year-over-year growth in both EPS and sales are likely to have a positive short-term impact on ODFL's stock price, despite the slight miss in sales estimates.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100