Old Dominion Freight Line stock price jumps as ODFL beats Q4 estimates and raises dividend
Old Dominion Freight Line shares jumped 8.8% to $206.38 Wednesday after the company beat quarterly earnings estimates and raised its dividend. Fourth-quarter LTL tons per day fell 10.7%, but revenue per hundredweight rose 4.9% excluding fuel. Revenue dropped 5.7% to $1.31 billion, while the operating ratio worsened to 76.7%. The board set the new quarterly dividend at 29 cents per share.
