May. 1 at 12:57 PM
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$CHRW beat on earnings — but revenue weakness is telling ⚠️
Q1 EPS of
$1.17 crushed the Zacks Consensus by 15% and jumped 36% YoY 💥
But total revenue fell 8.2% YoY and missed estimates, hit by divestitures, weak truckload volume, and soft ocean pricing 📉
Still, adjusted gross profits rose 2.3% — helped by stronger profit per transaction in truckload & LTL 🚚
Is this a solid turnaround or just noise in a tough freight market?
Full breakdown here 👉 https://www.zacks.com/stock/news/2459988/ch-robinson-q1-earnings-surpass-estimates-increase-year-over-year?cid=sm-stocktwits-2-2459988-body&ADID=SYND_STOCKTWITS_TWEET_2_2459988_BODY