Revenue Update on Old Dominion Freight Line(NASDAQ:ODFL)

Old Dominion Freight Line(NASDAQ:ODFL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $755.43M. Analysts estimated a revenue of $754.33M. Earnings per share were $0.98. Analysts had estimated an EPS of $0.95.

Old Dominion Freight Line (ODFL) made into the market gainers list on Thursdays trading session with the shares advancing 0.33% or 0.23 points. Due to strong positive momentum, the stock ended at $69.31, which is also near the day’s high of $69.52. The stock began the session at $68.9 and the volume stood at 4,48,647 shares. The 52-week high of the shares is $74.86 and the 52 week low is $48.92. The company has a current market capitalization of $5,783 M and it has 8,34,40,538 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 11, 2016, David S Congdon (Vice Chairman and CEO) sold 2,200 shares at $65.41 per share price.Also, On May 6, 2016, Leo H Suggs (director) purchased 1,000 shares at $63.00 per share price.

Old Dominion Freight Line Inc. (Old Dominion) is a less-than-truckload (LTL) motor carrier providing regional inter-regional and national LTL service and logistics services. In addition to its LTL services it offers a range of services including international freight forwarding ground and air expedited transportation container delivery truckload brokerage supply chain consulting warehousing and consumer household pickup and delivery. Its infrastructure allows it to provide next-day and second-day service within each of its six regions covering the continental United States as well as inter-regional and national service between these regions. As of December 31 2014 it operated through 222 service center locations of which it owned 176 and leased 46. As of December 31 2014 it owned 6907 tractors. As of December 31 2014 it owned 27259 trailers.

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