Old Dominion Freight Line Q3 2024 GAAP EPS $1.43 Misses $1.47 Estimate, Sales $1.470B Miss $1.492B Estimate
Portfolio Pulse from Benzinga Newsdesk
Old Dominion Freight Line reported Q3 2024 earnings and sales that missed analyst estimates. EPS was $1.43, below the $1.47 estimate, and sales were $1.470 billion, below the $1.492 billion estimate. Sales decreased by 2.97% compared to the same period last year.
October 23, 2024 | 11:01 am
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NEGATIVE IMPACT
Old Dominion Freight Line's Q3 2024 earnings and sales missed analyst estimates, with EPS at $1.43 and sales at $1.470 billion. This represents a 2.97% decrease in sales compared to last year.
The earnings and sales figures both missed analyst expectations, which is typically viewed negatively by investors. The decrease in sales compared to the previous year further adds to the negative sentiment, likely leading to a short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100