Why Is Old Dominion (ODFL) Down 12.8% Since Last Earnings Report?

A month has gone by since the last earnings report for Old Dominion Freight Line (ODFL) . Shares have lost about 12.8% in that time frame, underperforming the S&P 500. Old Dominion Freight Line's first-quarter 2024 earnings per share of $1.34 surpassed the Zacks Consensus Estimate of $1.33 and increased 3.9% year over year. Management has stated that all per-share data, even for the prior-year period, have been adjusted to reflect the two-for-one stock split. The stock split was announced by ODFL during the ...