C.H. Robinson: Q2 Earnings Snapshot
EDEN PRAIRIE, Minn. (AP) — EDEN PRAIRIE, Minn. (AP) — C.H. Robinson Worldwide Inc. (CHRW) on Wednesday reported second-quarter profit of $152.5 million.
On a per-share basis, the Eden Prairie, Minnesota-based company said it had net income of $1.26. Earnings, adjusted for one-time gains and costs, came to $1.29 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The trucking company posted revenue of $4.14 billion in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $4.22 billion.
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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