C.H. Robinson Worldwide, Inc. Earnings Cheat Sheet: Revenue Grows Again by Double-Digits

S&P 500 (NYSE:SPY) component C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) reported its results for the second quarter. CH Robinson Worldwide, Inc. is a third party logistics company which provides freight transportation and logistics solutions to a variety of clients.

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C.H. Robinson Worldwide Earnings Cheat Sheet for the Second Quarter

Results: Net income for the air delivery and freight services company rose to $111 million (67 cents per share) vs. $97.2 million (59 cents per share) in the same quarter a year earlier. This marks a rise of 14.2% from the year earlier quarter.

Revenue: Rose 10.3% to $2.71 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: CHRW fell short of the mean analyst estimate of 69 cents per share. Analysts were expecting revenue of $2.72 billion.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 18.3%, with the biggest boost coming in the second quarter of the last fiscal year when revenue rose 27.4% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the first quarter, net income rose 15.5% and in the fourth quarter of the last fiscal year, the figure rose 17.6%.

The company has now fallen short of estimates in the last two quarters. In the first quarter, it missed expectations by one cent with net income of 59 cents versus a mean estimate of net income of 60 cents per share.

Competitors to Watch: UTi Worldwide Inc. (NASDAQ:UTIW), Expeditors Intl. of Washington (NASDAQ:EXPD), Pacer International, Inc. (NASDAQ:PACR), Hub Group, Inc. (NASDAQ:HUBG), Roadrunner Transportation Services Hold. (NYSE:RRTS), Echo Global Logistics, Inc. (NASDAQ:ECHO), Vitran Corp., Inc. (NASDAQ:VTNC), FedEx (NYSE:FDX), United Parcel Service, Inc. (NYSE:UPS), and J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT).

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(Source: Xignite Financials)