Investing.com - CH Robinson reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
CH Robinson announced earnings per share of $0.57 on revenue of $3.81B. Analysts polled by Investing.com anticipated EPS of $0.7 on revenue of $3.57B. That with comparison to EPS of $1.16 on revenue of $3.75B in the same period a year before.CH Robinson had reported EPS of $0.73 on revenue of $3.79B in the previous quarter.Analysts are expecting EPS of $0.76 and revenue of $3.54B in the upcoming quarter.
CH Robinson shares are down 5% from the beginning of the year and are trading at $74.20 , down-from-52-week-high.They are broadly in line with the Nasdaq which is down 4.78% year to date.
CH Robinson shares gained 0.45% in after-hours trade the report.
CH Robinson follows other major Transportation sector earnings this month
CH Robinson's report follows an earnings beat by Union Pacific on Thursday, who reported EPS of $2.15 on revenue of $5.23B, compared to forecasts EPS of $1.9 on revenue of $5.11B.
United Parcel Service had missed expectations on Tuesday with first quarter EPS of $1.15 on revenue of $18.04B, compared to forecast for EPS of $1.25 on revenue of $17.34B.
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