CORRECTION: 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 (CHRW) reported Q2 adjusted earnings of $0.90 per share, beating the estimate of $0.83. The company's sales of $4.42 billion also surpassed the estimated $4.23 billion.
August 04, 2023 | 12:18 pm
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C.H. Robinson Worldwide's Q2 earnings and sales exceeded expectations, which could positively impact the company's stock in the short term.
Companies that report earnings and sales above estimates often see a positive reaction in their stock price as this indicates better-than-expected performance. Therefore, CHRW's stock is likely to experience a short-term boost.
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