C.H. Robinson Worldwide Inc. reported a first-quarter profit that, while lower compared to last year, exceeded Wall Street's estimates. The company revealed earnings of $92.90 million, equating to $0.78 per share. This is a decrease from the previous year's first quarter, which saw earnings of $114.89 million or $0.96 per share.
Despite the decline, the company's performance surpassed average analyst predictions of a $0.62 per share earning, as gathered by Thomson Reuters. Please note that these estimates typically disregard exceptional items.
However, C.H. Robinson Worldwide Inc.'s revenue fell 4.3% for the quarter, standing at $4.41 billion compared to the $4.61 billion recorded last year.
Presenting an overview of the earnings based on Generally Accepted Accounting Principles (GAAP), the first-quarter report indicated earnings of $92.90 million, down from $114.89 million the previous year. Earnings per Share (EPS) also saw a decrease from $0.96 to $0.78. Similarly, revenue fell from last year's $4.61 billion to $4.41 billion.