BUZZ-Old Dominion Freight Line gains after Q1 earnings beat

Reuters
04-23
BUZZ-<a href="https://laohu8.com/S/ODFL">Old Dominion Freight Line</a> gains after Q1 earnings beat

** Old Dominion Freight Line's ODFL.O shares up 2.8% before the bell to $156.28 after qtrly earnings please

** Thomasville, North Carolina-based less-than-truckload $(LTL)$ carrier reports Q1 EPS of $1.19, beating consensus by 5 cents, per LSEG data

** Rev in qtr fell ~6% y/y to $1.37 bln, inline with analysts' expectations

** Decrease in rev primarily due to 6.3% decrease in LTL tons per day partially offset by increase in LTL rev per hundredweight, co says in statement

** "While we were encouraged to see signs of improving demand during the first quarter, there continues to be uncertainty with the economy" - CEO Marty Freeman

** Of 25 analysts covering ODFL, 7 rate stock "strong buy" or "buy", 15 rate "hold" while 3 rate "sell" or "strong sell"; median PT of $181.50 down from $200 a month ago - LSEG

** Through Tues close, stock down ~14% YTD. That compares to ~5% decline in S&P 500 Industrials .SPLRCI and ~16% drop in Dow Jones Transport Average .DJT in 2025

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))

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