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Stock impact report

Why Old Dominion Stock Rocketed Up at the Start of Trading Today [Yahoo! Finance]

Old Dominion Freight Line, Inc. (ODFL) 
Last old dominion freight line, inc. earnings: 4/23 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: odfl.com/financials
Company Research Source: Yahoo! Finance
Shares of Old Dominion were trading up 9% as of 10 a.m. ET after the company reported better-than-expected results Wednesday morning. But the stock had given all that back in the next 30 minutes. Trucking company Old Dominion earned $1.19 per share in the first quarter on revenue of $1.37 billion, beating Wall Street's $1.14 per-share consensus profit estimate and matching the top-line estimate. Revenue was down 6% year over year and net income fell by 13%, but investors had been bracing for far worse results. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Old Dominion specializes in domestic less-than-truckload shipping, meaning it transports freight for multiple customers from distribution centers. CEO Marty Freeman said that the results "reflect the ongoing softness in the domestic economy." This is a business that benefits from scale. Old Dominion's operating ratio-- a measure of expens Show less Read more
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