Published on 2 May 2024 on Zacks via Yahoo Finance
C.H. Robinson (CHRW) Q1 Earnings & Revenues Beat, Down Y/Y
C.H. Robinson Worldwide, Inc. (CHRW) first-quarter 2024 earnings of 86 cents per share outpaced the Zacks Consensus Estimate of 60 cents but declined year over year. Total revenues of $4,412.31 million beat the Zacks Consensus Estimate of $4,209.1 million but declined 4.3% year over year owing to lowerpricing in the company’s truckload services, partially offset by higher pricing and increased volume in its ocean services.
Operating expenses grew 1.1% year over year to $530.6 million.