C.H. Robinson: 3Q Earnings Snapshot
C.H. Robinson: 3Q Earnings Snapshot
EDEN PRAIRIE, Minn. (AP) _ C.H. Robinson Worldwide Inc. (CHRW) on Tuesday reported third-quarter net income of $175.9 million.
On a per-share basis, the Eden Prairie, Minnesota-based company said it had net income of $1.25.
The results exceeded Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.
The trucking company posted revenue of $4.29 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $4.28 billion.
C.H. Robinson shares have fallen nearly 1 percent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. In the final minutes of trading on Tuesday, shares hit $88.37, a climb of 11 percent in the last 12 months.
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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