Against the odds: DSV, Mærsk, DP-DHL & Kuehne – catching falling knives
Are your fingers safe?
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.