1 min read
Add as a preferred source on GoogleC.H. Robinson Shares Fall More Than 10% Despite Third-Quarter Earnings Beat
Revenue rose 29.5% from a year earlier and exceeded the $5.36 billion consensus estimate, while cash from operations declined.
C.H. Robinson Worldwide, Inc. shares fell more than 10% in Wednesday morning trading, Oct. 28, despite the company exceeding third-quarter earnings expectations and recording 29.5% year-over-year revenue growth.
Revenue for the quarter topped the $5.36 billion consensus estimate. Cash generated from operations was lower than in the same quarter a year earlier.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.