logo
  

Old Dominion Freight Line Q1 Profit Surges, Results Top Estimates

Old Dominion Freight Line Inc. (ODFL) on Tuesday reported third-quarter net income of $299.75 million or $2.60 per share, up from $199.36 million or $1.70 per share in the prior-year quarter.

On average, 18 analysts polled by Thomson Reuters expected the company to report earnings of $2.39 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter rose 32.9 percent to $1.50 billion from $1.13 billion in the year-ago period. Analysts had a consensus revenue estimate of $1.45 billion for the quarter.

Revenue growth was driven by a 12.0 percent increase in LTL tonnage per day and a 17.4 percent increase in LTL revenue per hundredweight.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Primal Pet Foods is recalling a single lot of Raw Frozen Primal Patties for Dogs Beef Formula due to potential contamination with Listeria monocytogenes, the U.S. Food and Drug Administration said. The recall involves lot #W10068709 of 6-pound Raw Frozen Primal Patties with best by date of 05/22/23. The Raw Frozen Primal Patties are sold in flexible packaging in the freezer at select pet stores. The U.S. Food and Drug Administration has authorized state-licensed pharmacists to prescribe COVID-19 pill Paxlovid (nirmatrelvir and ritonavir) by drug major Pfizer Inc. to eligible patients, with certain limitations. The agency has revised the Emergency Use Authorization or EUA for Paxlovid for the authorization, which could improve access for some patients at high risk for severe covid-19. Retail major Walmart's popular InHome direct-to-fridge delivery service is now available as an optional add-on within its membership plan Walmart+. Walmart also launched InHome service, which delivers groceries straight to one's fridge, in several new markets including Miami, Tampa, Orlando, Dallas, Austin, San Jose and San Francisco.
RELATED NEWS
Follow RTT