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– 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)

07/28/2020, MINNEAPOLIS –(BUSINESS WIRE)– C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) today reported financial results for the quarter ended June 30, 2020.

Second Quarter Key Metrics:

  • Total revenues decreased 7.2 percent to $3.6 billion
  • Net revenues decreased 11.6 percent to $614.5 million
  • Income from operations decreased 17.0 percent to $188.8 million
  • Operating margin decreased 200 basis points to 30.7 percent
  • Diluted earnings per share (EPS) decreased 13.1 percent to $1.06
  • Cash flow from operations increased 124.0 percent to $447.1 million

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