EDEN PRAIRIE, Minn. (AP) — C. H. Robinson Worldwide Inc. (CHRW) reported third-quarter net income of $163 million, the company announced Wednesday.
Based in Eden Prairie, Minnesota, C. H. Robinson said it earned $1.34 per share for the quarter. Adjusted for one-time gains and costs, earnings were $1.40 per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was $1.29 per share.
However, the trucking company posted revenue of $4.14 billion during the period, falling short of forecasts. Seven analysts surveyed by Zacks had expected revenue of $4.29 billion.
This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on CHRW at [link].
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