Jul. 30 at 5:39 PM
$ODFL Q2 miss — is the freight company losing momentum? 📉
Earnings of
$1.27 fell short of the
$1.29 estimate, with revenues dipping 6.1% year-over-year due to declining LTL tons per day and shipments 📦, partially offset by increased LTL revenue per hundredweight. The stock took a hit in early trading, reflecting investor concerns.
Full breakdown here 👉 https://www.zacks.com/stock/news/2639739/old-dominion-stock-dips-after-q2-earnings-revenues-miss-estimates?cid=sm-stocktwits-2-2639739-body-4885&ADID=SYND_STOCKTWITS_TWEET_2_2639739_BODY_4885