Old Dominion Freight Line Reports Third Quarter 2019 Earnings Per Diluted Share Of $2.05
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Old Dominion Freight Line (ODFL) Misses Q3 EPS by 6c, Revenues Miss
October 24, 2019 7:01 AM EDTOld Dominion Freight Line (NASDAQ: ODFL) reported Q3 EPS of $2.05, $0.06 worse than the analyst estimate of $2.11. Revenue for the quarter came in at $1.05 billion versus the consensus estimate of $1.06 billion.
Old Dominions financial results for the third quarter of 2019 reflect the challenging operating environment, said Greg C. Gantt, President and Chief Executive Officer of Old Dominion Freight Line. The domestic economy remained sluggish during the quarter, and the general softness in demand contributed to our first quarter-over-quarter decline in revenue since the second quarter of 2016. While our tonnage declined as compared to the... More
