CH Robinson Worldwide Earnings: Here’s Why Investors Don’t Like These Results
CH Robinson Worldwide Inc. (NASDAQ:CHRW) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 0.16%.
CH Robinson Worldwide Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 1.41% to $0.7 in the quarter versus EPS of $0.71 in the year-earlier quarter.
Revenue: Rose 11.24% to $3.29 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: CH Robinson Worldwide Inc. reported adjusted EPS income of $0.7 per share. By that measure, the company missed the mean analyst estimate of $0.74. It missed the average revenue estimate of $3.34 billion.
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