C. H. Robinson Worldwide (CHRW) Tops Q2 EPS by 46c

C. H. Robinson Worldwide (NASDAQ: CHRW) reported Q2 EPS of $1.06, $0.46 better than the analyst estimate of $0.60. Revenue for the quarter came in at $3.6 billion versus the consensus estimate of $3.5 billion.

“Despite a volatile environment, we were able to deliver solid performance across all of our business units due to the tireless efforts of the C.H. Robinson team members around the world and our diversified portfolio of logistics services,” said Bob Biesterfeld, Chief Executive Officer of C.H. Robinson. \"We also continued to make progress on our strategic, long-term initiatives around market share gains and productivity improvements.\"

Biesterfeld continued, “Our business model is resilient and responsive. We have a strong balance sheet, and we exited the second quarter with $1.6 billion of liquidity. We are well positioned to weather the economic uncertainty in the months ahead and emerge stronger from this difficult time.”

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

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