Investing.com - CH Robinson (NASDAQ:CHRW) reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
CH Robinson announced earnings per share of $0.57 on revenue of $3.81B. Analysts polled by Investing.com anticipated EPS of $0.7 on revenue of $3.57B. That with comparison to EPS of $1.16 on revenue of $3.75B in the same period a year before. CH Robinson had reported EPS of $0.73 on revenue of $3.79B in the previous quarter. Analysts are expecting EPS of $0.76 and revenue of $3.54B in the upcoming quarter.
CH Robinson shares are down 5% from the beginning of the year , still down 19.03% from its 52 week high of $91.23 set on October 28, 2019. They are broadly in line with the Nasdaq (NASDAQ:NDAQ) which is down 4.78% year to date.
CH Robinson shares gained 0.45% in after-hours trade following the report.
CH Robinson follows other major Transportation sector earnings this month
CH Robinson's report follows an earnings beat by Union Pacific on Thursday, who reported EPS of $2.15 on revenue of $5.23B, compared to forecasts EPS of $1.9 on revenue of $5.11B.
United Parcel Service had missed expectations on Tuesday with first quarter EPS of $1.15 on revenue of $18.04B, compared to forecast for EPS of $1.25 on revenue of $17.34B.
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