Conf call redux: Guidance-free UPS – uncertainty piled on uncertainty
Certainty looms by Q3 end
Fourth-quarter results at US road transport operator and freight forwarder CH Robinson beat analysts’ profit expectations, delivering adjusted earnings per share of $1.21, nearly 10% above the expected $1.11.
Meanwhile, revenues fell as it navigated what continued to be a pretty awful environment for US trucking firms, with Q4 revenues of $4.18bn down 0.9% year-on-year and 5.7% off expectations of $4.44bn.
Its Q4 adjusted Ebitda of $208.1m marginally missed analysts’ estimates of $210.3m, according to S&P Capital IQ estimates, but operating margin ...
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