Old Dominion Freight Line (ODFL) Tops Q1 EPS by 1c

Old Dominion Freight Line (NASDAQ: ODFL) reported Q1 EPS of $0.54, $0.01 better than the analyst estimate of $0.53. Revenue for the quarter came in at $497.1 million versus the consensus estimate of $502.54 million.

For 2012, we continue to expect capital expenditures to range between $300 million and $350 million. This estimate includes $90 million to $120 million for real estate purchases and expansion projects at existing facilities, subject to the availability of suitable real estate and the timing of construction projects, $195 million to $210 million for the purchase of tractors, trailers and other equipment, and $15 million to $20 million for investments in technology.

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

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