It was a rather weak interim update from CH Robinson on Tuesday, which pushed down its stock as much as 5.5% in after-hours trade.

Operating cash flow and working capital management were particularly poor in the first nine months of the year (page 12 here; check out the changes in receivables..).

Expect more from Premium on Wednesday.

Meanwhile, Seeking Alpha reports:

– Against what it calls a challenging backdrop, C.H. Robinson Worldwide (NASDAQ:CHRW) falls after posting operating income short of expectations ($168.2m vs. $179.3m consensus) for Q3.

– Total revenue was up 9.6% during the quarter to $4.2bn, driven primarily by higher pricing and higher volume across most of the company’s service lines.

 – Looking ahead, CHRW sees capital expenditures of $50m to $55m vs. prior guidance for the low end of a range of $60m to $70m range and $62.3m consensus.

To read the full post, please click here.

Reaction: CHRW was down 3% in after-hours trade; then -5.5%; while later it hovered around $96 (-4%) on thin volumes.

(Source MarketWatch)

(Source MarketWatch)

Our coverage on Tuesday is here: “A nail-biting Halloween run-up for UPS, CH Robinson & DSV…“.

Now read: “What matters“.

Comment on this article

You must be logged in to post a comment.