CH Robinson – brace for impact
Getting there
SEEKING ALPHA reports:
– C.H. Robinson Worldwide (NASDAQ:CHRW): Q2 GAAP EPS of $1.06 beats by $0.47.
– Revenue of $3.63B (-7.2% Y/Y) beats by $170M.
– Operating income -17% to $188.8M vs. consensus of $121.7M; Margin decreased 200 bps to 30.7%.
To read the full post, please click here.
The Form 8-K can be found here.
PS: Stock little changed, initially, then up 4.8% in after-hour trade on Tuesday.
PRESS RELEASE: CH Robinson reports 2020 second quarter results
(To read the full release, please click here)
Second Quarter Key Metrics:
Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
FAK rate hikes holding, with strong demand into peak season predicted
DSV could face $16m bill after helicopter is written off in haulage accident
Déjà vu as major ocean carriers scramble for tonnage and containers
Trade growth getting stronger, but ocean freight rates stay flattish
Rising costs of port congestion force surcharge by Asian feeder operators
Global airfreight volumes blooming as flower shipments take off
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