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C.H. Robinson Worldwide: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) fell 5% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 6.54% year over year to $1.00, which beat the estimate of $0.97.

Revenue of $4,225,000,000 up by 9.57% from the same period last year, which beat the estimate of $3,880,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

View more earnings on CHRW

C.H. Robinson Worldwide hasn't issued any revenue guidance for the time being.

Recent Stock Performance

Company's 52-week high was at $106.75

Company's 52-week low was at $56.94

Price action over last quarter: down 0.81%

Company Description

C.H. Robinson is a top-tier non-asset-based third-party logistics provider with a significant focus on domestic freight brokerage (66% of net revenue), which reflects mostly truck brokerage but also rail intermodal. It also operates a growing air and ocean forwarding unit (20%) and a legacy produce-sourcing operation (9%). The remainder of net revenue reflects transportation management services and the firm's European truck brokerage operations.

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