02.08.2023 23:48:10 - dpa-AFX: C.H. Robinson Worldwide Inc. Reveals Decline In Q2 Profit, misses estimates
EDEN PRAIRIE (dpa-AFX) - C.H. Robinson Worldwide Inc. (CHRW) revealed
earnings for second quarter that decreased from last year and missed the Street
estimates.
The company's earnings totaled $97.3 million, or $0.81 per share. This compares
with $348.2 million, or $2.67 per share, in last year's second quarter.
Analysts on average had expected the company to earn $0.83 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.
The company's revenue for the quarter fell 35.0% to $4.42 billion from $6.80
billion last year.
C.H. Robinson Worldwide Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $97.3 Mln. vs. $348.2 Mln. last year.
-EPS (Q2): $0.81 vs. $2.67 last year.
-Analyst Estimates: $0.83
-Revenue (Q2): $4.42 Bln vs. $6.80 Bln last year.
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX