C.H. Robinson Worldwide Q2 Adj $0.90 Beats $0.83 Estimate, Sales $4.42B Beat $4.23B Estimate
Portfolio Pulse from Benzinga Newsdesk
C.H. Robinson Worldwide (NASDAQ:CHRW) reported Q2 earnings of $0.81 per share, missing the analyst consensus estimate of $0.90 by 10 percent. This is a 69.66 percent decrease from the same period last year. The company also reported quarterly sales of $4.42 billion, missing the analyst consensus estimate of $4.65 billion by 4.92 percent, a 34.97 percent decrease from the same period last year.
August 04, 2023 | 12:06 pm
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C.H. Robinson Worldwide's Q2 earnings and sales missed estimates, indicating a potential negative impact on the company's stock in the short term.
C.H. Robinson Worldwide's Q2 earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100