C.H. Robinson Worldwide Inc. (CHRW) has reported a remarkable increase in its fourth-quarter profit, surpassing analysts' expectations. The company's net income for the quarter rose to $149.31 million, translating to earnings of $1.22 per share. This marks a significant improvement from the previous year's figures of $30.97 million, or $0.26 per share.
On average, market analysts had projected the company's earnings to be $1.11 per share, excluding any special items.
Despite the increase in profit, the company's revenue experienced a slight decline of 0.9%, dropping to $4.185 billion compared to last year's $4.222 billion.
In summary, C.H. Robinson Worldwide Inc.'s key financial results (in accordance with GAAP) for the quarter are:
- Net Earnings: $149.31 million, up from $30.97 million the previous year.
- Earnings Per Share (EPS): $1.22, increased from $0.26 the prior year.
- Revenue: $4.185 billion, down from $4.222 billion last year.
