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-0.00279329608938536 -0.00372439478584722 0.00186219739292372 -0.0117939168218498 -0.0183488516449409 -0.0372439478584729 -0.0273122284295468 -0.0316573556797019
Stock impact report

First look: Old Dominion Q1 earnings [Yahoo! Finance]

Forward Air Corporation (FWRD) 
Last forward air corporation earnings: 4/30 04:27 pm Check Earnings Report
US:NASDAQ Investor Relations: forwardair.gcs-web.com/investor-overview
Company Research Source: Yahoo! Finance
The Thomasville, North Carolina-based less-than-truckload carrier reported earnings per share of $1.19, 5 cents higher than the consensus estimate but 15 cents lower year over year. The y/y decline was attributed to “ongoing softness in the domestic economy.” “While we were encouraged to see signs of improving demand during the first quarter, there continues to be uncertainty with the economy,” Old Dominion's ( NASD A Q: ODFL ) president and CEO, Marty Freeman, said in a Wednesday news release. Consolidated revenue of $1.37 billion was down 5.8% y/y but in line with management's guidance of $1.34 billion and $1.38 billion. Revenue per day fell 4.3% y/y as a 6.3%-per-day tonnage decline was only partially offset by a 2.2% increase in revenue per hundredweight, or yield. (Yield was up 4.1% excluding fuel surcharges.) The tonnage decline was the combination of a 5% decline in shipments and a 1.4% dip in weight per shipment. The yield metric was positively impacted by lower ship Show less Read more
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