C. H. Robinson Worldwide (CHRW) Tops Q1 EPS by 2c

C. H. Robinson Worldwide (NASDAQ: CHRW) reported Q1 EPS of $1.16, $0.02 better than the analyst estimate of $1.14. Revenue for the quarter came in at $3.8 billion versus the consensus estimate of $3.98 billion.

Outlook
“We expect to continue to expand market share in 2019 and beyond, and we will continue to automate core processes and reduce our cost to sell and cost to serve, while also providing excellent service to our customers and carriers,” Bob Biesterfeld, Chief Operating Officer, stated. “We are firmly dedicated to operating margin expansion and believe our continued investments in technology will help enable us to achieve this objective. We are also committed to strong cash returns to shareholders and expect to deliver annual double-digit growth in earnings per share over the long term.”

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

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