C.H. Robinson Worldwide (CHRW) reported $4.48 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 1.4%. EPS of $1.15 for the same period compares to $0.90 a year ago. The reported revenue represents a surprise of -0.02% over the Zacks Consensus Estimate of $4.48 billion. With the consensus EPS estimate being $0.95, the EPS surprise was +21.05%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

1 C.H. Robinson 14701 Charlson Rd. Eden Prairie, MN 55347 www.chrobinson.com FOR INQUIRIES, CONTACT: Chuck Ives, Director of Investor Relations Email: chuck.ives@chrobinson.com FOR IMMEDIATE RELEASE C.H. Robinson Reports 2024 Second Quarter Results Eden Prairie, MN, July 31, 2024 - C.H. Robinson Worldwide, Inc. ("C.H. Robinson") (Nasdaq: CHRW) today reported financial results for the quarter ended June 30, 2024. Second Quarter Key Metrics: • Gross profits increased 3.0% year-over-year to $676.5 million, and ...

C.H. Robinson (CHRW) is scheduled to report second-quarter 2024 results on Jul 31 after market close. C.H. Robinson has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters and missing once. The average beat is 2.07%. The Zacks Consensus Estimate for CHRW's soon-to-be reported quarter's earnings has been revised upward by 5.75% in the past 60 days to 92 cents per share. Meanwhile,the Zacks Consensus Estimate for revenues is pegged at $ ...

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. Does Earnings Surprise History Hold Any Clue? The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 31. On the other hand, if they miss, the stock ...

CHRW's 2024 Restructuring Program aims to advance the enterprise strategy by optimizing the company's cost structure. In the first quarter of 2024, the initiative streamlined management, reduced the workforce, and refocused product and technology efforts. Management anticipates incurring approximately $25 million of restructuring charges related to the program in the current year. C.H Robinson ended the first quarter of 2024 with a robust liquidity position, holding approximately $121.8 million in cash and ...

In a bid to offer innovative payment solutions to the transportation industry, C.H. Robinson (CHRW) inked a deal with Triumph Financial (TFIN) . CHRW's decision to join TFIN's freight payments platform implies that the former's 450,000 contract carriers will have access to the transportation finance solutions on the TriumphPay Network. Image Source: Zacks Investment Research SkyWest has an expected earnings growth rate of 787% for the current year. The freight broker, through this partnership, will be in a ...

DALLAS, June 17, 2024 (GLOBE NEWSWIRE) -- Triumph Financial, Inc. (Nasdaq: TFIN) and global logistics provider C.H. Robinson (Nasdaq: CHRW) announced today a strategic relationship focused on delivering innovative payment solutions to the transportation industry. C.H. Robinson will join the TriumphPay Network, a platform that connects brokers, shippers, factors and carriers for a streamlined payment experience. This collaboration provides the foundation for delivering new solutions and financial benefits to ...

C.H. Robinson Worldwide, Inc. (CHRW) has chosen Damon Lee as its new chief financial officer (CFO), related to the previously announced CFO transition. Lee will start working with C.H. Robinson on Jul 8, 2024, and will assume the role of CFO the day after the Form 10-Q is filed for the second quarter of 2024. Mike Zechmeister, C.H. Robinson's existing CFO, will continue to serve his role till then and depart at that time, after which he plans to retire. Dave Bozeman, C.H. Robinson's president and chief exec ...

C.H. Robinson Worldwide (CHRW) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, CHRW broke through the 200-day moving average, which suggests a long-term bullish trend.The 200-day simple moving average helps traders and analysts determine overall long-term market trends for stocks, commodities, indexes, and other financial instruments. The indicator moves higher or lower along with longer-term price moves, serving as a support or resistance ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, May 8th:Gray Television (GTN) : This communications company which currently operates 15 CBS-affiliated television stations, seven NBC-affiliated television stations, seven ABC-affiliated television stations and four daily newspapers, has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.4% over the last 60 days.This Zacks Rank #1 (Strong Buy) company has a dividend yield of ...