Old Dominion Freight Line Boosts 2Q Earnings Guidance
Cites Higher Tonnage, Improved Pricing Environment
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The previous per-share data were adjusted to reflect the company’s three-for-two stock split in November. (Click here for previous coverage.)
ess-than-truckload carrier Old Dominion Freight Line boosted its second-quarter earnings guidance, citing higher-than-expected tonnage and an improved pricing environment.
The company late Thursday raised its second-quarter forecast to 50 to 52 cents per share, from its previous 43- to 46-cent per-share estimate. ODFL earned 37 cents per share in last year’s second quarter.
The carrier said it will update its full-year guidance when it releases its second-quarter earnings in late July.
Old Dominion Freight Line is ranked No. 28 on the Transport Topics list of 100 top for-hire North American carriers.
