Old Dominion Freight Line, Inc. (ODFL) has reported its fourth-quarter profits, surpassing the stock market expectations. The company's net profit stood at $322.82 million, equivalent to $2.94 per share. When compared to the same quarter from the previous year, there is a slight decrease, as the profits then were $323.93 million, representing $2.92 per share.
However, this performance beat average analysts' predictions who had forecasted the company's earnings to be $2.85 per share, according to data gathered by Thomson Reuters. Note that this prediction usually excludes any extraordinary items.
As for the company's revenue, there was a modest rise of 0.7% from the previous year, increasing to $1.50 billion from $1.49 billion.
To summarise ODFL's earnings based on Generally Accepted Accounting Principles (GAAP):
- The company's earnings (Q4) were $322.82 million, falling slightly from $323.93 million in the previous year.
- Earnings per share (EPS) for Q4 were $2.94, marginally higher than the $2.92 seen last year.
- The estimates provided by analysts were $2.85.
- The company's total revenue for Q4 grew to $1.50 billion, presenting a slight increase from the $1.49 billion revenue of the previous year.
