C.H. Robinson released its financial results for the first quarter of 2022 after the market closed on Wednesday. North America’s largest publicly traded 3PL smoked Wall Street’s profitability expectations. Robinson posted diluted earnings per share of $2.05 compared to the Street’s consensus estimate of $1.53, good for year-over-year earnings growth of 60.2%. The company’s Q1 net income totaled $270.3 million, an increase of 56% from year-ago levels.
Total revenue increased by 41.9% versus the...
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