Old Dominion Freight Line Inc. profits fell 22.3% year-over-year to $292.4 million in the second quarter of 2023 from $376.1 million in the year-ago period, it said.
The Thomasville, N.C.-based less-than-truckload carrier’s diluted earnings per share fell 19.7% year-on-year to $2.65 from $3.30 in the year-ago period, it added.
But the company’s EPS in the most recent quarter narrowly beat consensus analyst expectations, according to Zacks Equity Research. Consensus EPS was $2.63, Zacks said.
