Old Dominion Freight Line Second-Quarter Earnings Increase to $0.64 Per Diluted Share (Business...

yahoo.com     Jul 24, 2008            

Thursday July 24, 7:00 am ET THOMASVILLE, N.C.--(BUSINESS WIRE)--Old Dominion Freight Line, Inc. (NASDAQ: ODFL - News ) today announced financial results for the second quarter and six months ended June 30, 2008. Revenue increased 16.2% to $417.8 million for the quarter from $359.6 million for the second quarter of 2007. Net income increased 6.0% to $23.9 million for the second quarter of 2008 from $22.5 million for the prior-year quarter. Earnings per diluted share for the second quarter of 2008 were $0.64, an increase of 6.7% from $0.60 for the second quarter of 2007. The results for the second quarter of 2007 included the final resolution of a customer pricing issue from periods prior to 2007, which resulted in the recognition of $2.0 million in revenue, or $0.03 per diluted share after tax. Old Dominion’s operating ratio... [read full story]                    


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