Old Dominion Freight Line (ODFL) Tops Q4 EPS by 9c

Old Dominion Freight Line (NASDAQ: ODFL) reported Q4 EPS of $0.81, $0.09 better than the analyst estimate of $0.72. Revenue for the quarter came in at $721 million versus the consensus estimate of $711.61 million.

"Old Dominion completed another year of outstanding performance with fourth-quarter results that included accelerated growth rates for revenue, tonnage and earnings per diluted share," commented David S. Congdon, President and Chief Executive Officer of Old Dominion. "Our revenue growth once again reflects increased market share, which we attribute to our employees' ability to provide superior on-time and claims-free service at a fair and equitable price. The combination of revenue growth and the 260 basis-point improvement in our operating ratio contributed to the 47.3% improvement in earnings per diluted share for the fourth quarter of 2014. In addition, our earnings per diluted share benefited from the repurchase of $5.5 million of common stock under our two-year, $200 million stock repurchase program that we announced in November 2014."

For earnings history and earnings-related data on Old Dominion Freight Line (ODFL) click here.

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