Benzinga | Jul 30, 2020 07:50AM EDT

Recap: Old Dominion Freight Line Q2 Earnings

Shares of Old Dominion Freight Line (NASDAQ:ODFL) rose 1.1% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share decreased 42.13% year over year to $1.25, which beat the estimate of $1.08.

Revenue of $896,210,000 declined by 15.53% from the same period last year, which missed the estimate of $900,350,000.

Guidance

Old Dominion Freight Line hasn't issued any earnings guidance for the time being.

Old Dominion Freight Line hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Jul 30, 2020

Time: 10:00 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/1053/35633

Recent Stock Performance

52-week high: $227.21

52-week low: $119.01

Price action over last quarter: Up 30.17%

Company Profile

Old Dominion Freight Line is the third- largest less-than-truckload carrier in the United States, with more than 235 service centers and 9,200-plus tractors. OD is by far one of the most disciplined and efficient providers in the trucking industry, and its profitability and capital returns stand head and shoulders above its peers. Strategic initiatives revolve around increasing network density through market share gains and maintaining industry- leading levels of service through consistent infrastructure investment.