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C.H. Robinson: 2Q Earnings Snapshot

July 30, 2019

EDEN PRAIRIE, Minn. (AP) _ C.H. Robinson Worldwide Inc. (CHRW) on Tuesday reported second-quarter net income of $169.2 million.

On a per-share basis, the Eden Prairie, Minnesota-based company said it had net income of $1.22.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.

The trucking company posted revenue of $3.91 billion in the period, which did not meet Street forecasts. Six analysts surveyed by Zacks expected $4.04 billion.

C.H. Robinson shares have risen almost 1% since the beginning of the year, while the Standard & Poor’s 500 index has risen 20%. In the final minutes of trading on Tuesday, shares hit $84.77, a fall of slightly more than 6% 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

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