Hand turns a dice and changes the expression

At a glance, it wasn’t a good trading update released today from CH Robinson for Q3 22.

The numbers, announced ahead of trade, were very disappointing against expectations.

The Loadstar reported: “CH Robinson earnings hit by freight rate falls and soft demand in Q3“.

Seeking Alpha added that “the company posted wide misses on top and bottom lines” while “a surprising 3.4% deceleration in revenue” led to a “$320m miss on top line estimates”.

Against Q3 21, “adjusted operating margin decreased 440 basis points to ...

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