C.H. Robinson (CHRW) Q4 Earnings & Revenues Lag, Down Y/Y
CHRWC.H. Robinson(CHRW) Zacks Investment Research·2024-02-02 02:41

C.H. Robinson Worldwide, Inc. (CHRW) fourth-quarter 2023 earnings per share (EPS) of 50 cents missed the Zacks Consensus Estimate of 80 cents and declined year over year. Total revenues of 4,221.9millionlaggedtheZacksConsensusEstimateof4,221.9 million lagged the Zacks Consensus Estimate of 4,352.1 million and declined 16.7% year over year owing to lower pricing in the company’s ocean and truckload services. Operating expenses declined 15.4% year over year to 511.2million.Adjustedgrossprofitsfell19.5511.2 million. Adjusted gross profits fell 19.5% year over year to 618.6 million, owing to l ...