Old Dominion Freight Line Inc Reports Second Quarter Earnings

Old Dominion Freight Line Inc’s stock price declined by 7.05% on July 30. The company’s CEO has expressed confidence in its long-term growth prospects.

Financial Performance

The company reported a decline in profit in the second quarter, with revenue falling 6.1% compared to the same period last year. Key financial metrics for the quarter include:

• Revenue: $1.23 billion (down 6.1% from $1.31 billion in the same quarter last year)
• Profit: $1.04 per share (down from $1.12 per share in the same quarter last year)

Analyst Projections

Analysts have lowered their price targets for the company, with some predicting a decline in stock value. The company’s stock price has been under pressure, with its 52-week low reached on July 29.

Recent Stock Performance

• July 30: Stock price declined by 7.05%
• July 29: 52-week low reached