Ocean X: China post-CNY – less cloud, more balloon; Mærsk's moves; a tough Q4
Things are looking up, in China at least
© Andrii Yalanskyi
SEEKING ALPHA reports: “CH Robinson GAAP EPS of $1.74 misses by $0.13; revenue of $6.5bn beats by $240m“.
Moreover:
– CH Robinson Worldwide press release (NASDAQ:CHRW): Q4 GAAP EPS of $1.74 misses by $0.13.
– Revenue of $6.5B (+42.9% Y/Y) beats by $240M.
– Adjusted gross profits increased 33.7% to $856.3M.
– Adjusted operating margin increased 130 basis points to 33.6%.
– Q4 Cash generated by operations decreased by $86.3M to $75.9M.
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Investors weren’t pleased with the trading update…
… with the stock ...
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