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

S&P 500 (NYSE:SPY) component C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) reported its results for the third quarter. CH Robinson Worldwide 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 Third Quarter

Results: Net income for the air delivery and freight services company rose to $114.3 million (70 cents per share) vs. $102.6 million (62 cents per share) in the same quarter a year earlier. This marks a rise of 11.4% from the year earlier quarter.

Revenue: Rose 11.3% to $2.69 billion from the year earlier quarter.

Actual vs. Wall St. Expectations: CHRW fell in line with the mean analyst estimate of 70 cents per share. Analysts were expecting revenue of $2.7 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 15.1%, with the biggest boost coming in the third quarter of the last fiscal year when revenue rose 23.8% from the year earlier quarter.

The company has now seen net income rise in three straight quarters. In the second quarter, net income rose 14.2% and in the first quarter, the figure rose 15.5%.

The company fell in line with estimates last quarter after missing the mark in the previous two quarters. In the second quarter, it fell short by 2 cents, and in the first quarter, it missed by one cent.

Looking Forward: The outlook for the company’s results in the upcoming quarter is unfavorable. The average estimate for the fourth quarter is 69 cents per share, down from 71 cents ninety days ago. At $2.67 per share, the average estimate for the fiscal year has fallen from $2.72 ninety days ago.

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), Pacific CMA, Inc. (PACC), United Parcel Service, Inc. (NYSE:UPS), and J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT).

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(Source: Xignite Financials)