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C.H. Robinson: 1Q Earnings Snapshot

EDEN PRAIRIE, Minn. (AP) _ C.H. Robinson Worldwide Inc. (CHRW) on Tuesday reported first-quarter net income of $161.8 million.

The Eden Prairie, Minnesota-based company said it had net income of $1.16 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.

The trucking company posted revenue of $3.75 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $3.97 billion.

C.H. Robinson shares have decreased nearly 4% since the beginning of the year, while the Standard & Poor's 500 index has increased 18%. In the final minutes of trading on Tuesday, shares hit $80.99, a drop of 12% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CHRW at https://www.zacks.com/ap/CHRW