Old Dominion Freight Line Beats Q3 EPS Estimates With $1.59B Revenue

Old Dominion Freight Line posted third-quarter GAAP earnings per share (EPS) of $1.65, four cents above estimates, while revenue climbed 12.8% year over year to $1.59 billion. Revenue came in $20 million above estimates. The growth rate exceeded the 10.4% year-over-year increase in second-quarter revenue, which totaled $1.554 billion. In the second quarter, diluted EPS rose 32.3% to $1.68. The operating ratio was 70.1%, compared with 74.6% a year earlier, while daily less-than-truckload (LTL) tonnage fell 4.1%. August operating data showed revenue per day rose 12.4% year over year .

Source: TokenPost