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Old Dominion: 4Q Earnings Snapshot

Old Dominion: 4Q Earnings Snapshot

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Thursday, February 7, 2019

THOMASVILLE, N.C. (AP) _ Old Dominion Freight Line Inc. (ODFL) on Thursday reported fourth-quarter net income of $159.5 million.

On a per-share basis, the Thomasville, North Carolina-based company said it had net income of $1.95.

The results beat Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.

The trucking company posted revenue of $1.03 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $1.02 billion.

For the year, the company reported profit of $605.7 million, or $7.38 per share. Revenue was reported as $4.04 billion.

Old Dominion shares have increased 13 percent since the beginning of the year. The stock has decreased 1 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ODFL at https://www.zacks.com/ap/ODFL

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