Leading North American third-party logistics provider C.H. Robinson (NASDAQ: CHRW) reported fourth-quarter adjusted earnings per share of $1.74 before the markets opened on Wednesday, up 61% year-over-year but missing consensus estimates of $1.85 per share. The stock traded down 10% premarket at approximately $93.72 per share.
Total revenue grew 42.9% year-over-year to $6.5 billion, while gross profits increased 33.7% to $850.7 million.
“In the face of some of the greatest disruption and...