Investing.com - CH Robinson reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
CH Robinson announced earnings per share of $1.06 on revenue of $3.63B. Analysts polled by Investing.com anticipated EPS of $0.6 on revenue of $3.45B.
CH Robinson shares are up 11% from the beginning of the year and are trading at $87.14 , down-from-52-week-high.They are outperforming the S&P 500 which is down 0.38% from the start of the year.
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 $1.67 on revenue of $4.24B, compared to forecasts EPS of $1.56 on revenue of $4.39B.
Canadian National Railway had beat expectations on Tuesday, July 21, 2020 with second quarter EPS of $1.28 on revenue of $3.21B, compared to forecast for EPS of $1.25 on revenue of $3,238M.
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