What Happened?
Shares of freight carrier Old Dominion (NASDAQ: ODFL) fell 8.7% in the afternoon session after the company reported underwhelming first-quarter 2025 results, as a drop in revenue and earnings weighed on investor sentiment. Revenue fell nearly 6% year on year, driven by a decline in tonnage and shipment counts. Overall, this was a weaker quarter.
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What The Market Is Telling Us
Old Dominion Freight Line’s shares are somewhat volatile and have had 11 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The biggest move we wrote about over the last year was 9 months ago when the stock gained 7% on the news that the company reported strong second-quarter earnings results. Old Dominion Freight Line beat analysts' volume and EPS expectations this quarter.
On the other hand, its revenue unfortunately missed, showing it had to lower prices. Zooming out, we think this was still a decent, albeit mixed, quarter, showing the company is staying on track.
Old Dominion Freight Line is down 16.6% since the beginning of the year, and at $146.64 per share, it is trading 36.7% below its 52-week high of $231.84 from November 2024. Investors who bought $1,000 worth of Old Dominion Freight Line’s shares 5 years ago would now be looking at an investment worth $2,057.
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