Why C.H. Robinson Shares Are in Reverse Today
High costs tripped up C.H. Robinson Worldwide (NASDAQ: CHRW) in the fourth quarter, and the stock is trading off as a result. Shares of the provider of multimodal transportation services and third-party logistics were down as much as 11.5% on Wednesday following a miss on earnings per share.
On Thursday morning, C.H. Robinson reported fourth-quarter earnings of $1.74 per share on revenue of $6.5 billion. The revenue came in more than $200 million ahead of expectations, but the earnings fell short of the $1.85-per-share consensus.
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Source Fool.com
