Benzinga | Oct 27, 2020 04:55PM EDT

C.H. Robinson Worldwide: Q3 Earnings Insights

Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) fell 5% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 6.54% year over year to $1.00, which beat the estimate of $0.97.

Revenue of $4,225,000,000 up by 9.57% from the same period last year, which beat the estimate of $3,880,000,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

C.H. Robinson Worldwide hasn't issued any revenue guidance for the time being.

Recent Stock Performance

Company's 52-week high was at $106.75

Company's 52-week low was at $56.94

Price action over last quarter: down 0.81%

Company Description

C.H. Robinson is a top-tier non-asset-based third-party logistics provider with a significant focus on domestic freight brokerage (66% of net revenue), which reflects mostly truck brokerage but also rail intermodal. It also operates a growing air and ocean forwarding unit (20%) and a legacy produce-sourcing operation (9%). The remainder of net revenue reflects transportation management services and the firm's European truck brokerage operations.