C. H. Robinson Worldwide (CHRW) Tops Q1 EPS by 1c

C. H. Robinson Worldwide (NASDAQ: CHRW) reported Q1 EPS of $1.01, $0.01 better than the analyst estimate of $1.00. Revenue for the quarter came in at $3.9 billion versus the consensus estimate of $3.81 billion.

Outlook

“We expect demand to remain high as the benefits of U.S. tax reform strengthen a growing economy,” said John Wiehoff. “Given the driver shortage and electronic logging device mandate, we also expect industry capacity to remain tight. With these dynamics in place, we believe the current freight market fundamentals will continue throughout 2018.”

John continued, “We believe our large carrier network and proven ability to source capacity for our customers is as important as ever in this volatile market. We will leverage our digital transformation to expand the supply chain expertise we provide to our customers and carriers and drive operating efficiencies in our business to increase returns to our employees and shareholders. I am confident that we have the right people, processes and technology to continue to win in the marketplace.”

For earnings history and earnings-related data on C. H. Robinson Worldwide (CHRW) click here.

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