C.H. Robinson surpasses profitability expectations

C.H. Robinson released financial results for the second quarter Wednesday, and North America’s largest pure play 3PL blew past Wall Street’s expectations for profitability.

The company reported diluted earnings per share of $2.67 compared to consensus estimates of $1.99, good for an 85.4% increase on a year-over-year (y/y) basis.

C.H. Robinson’s total revenue came in at $6.8 billion, in line with market expectations and an increase of 22.9% compared to the year-ago period. The company’s adjusted...

https://www.freightwaves.com/news/ch-robinson-surpasses-profitability-expectations

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