C.H. Robinson (CHRW) Q4 Earnings Top, Revenues Lag Estimates
Zacks Investment Research | Jan 30, 2019 07:02AM ET
C.H. Robinson Worldwide, Inc.’s (NASDAQ:CHRW) fourth-quarter 2018 earnings per share of $1.34 beat the Zacks Consensus Estimate of $1.20. The bottom line also improved substantially year over year.
Total revenues of $4,137.9 million fell short of the Zacks Consensus Estimate of $4,237.4 million. However, the top line rose 4.5% year over year, buoyed by growth across all transportation service lines.
Total operating expenses increased 8.9% year over year to $458.3 million. However, operating ratio (operating expenses as a percentage of net revenues) of 64.2% compared favorably with 66.6% in the year-ago period.
During the quarter under review, the company returned $168.4 million to shareholders through a combination of dividends ($70 million) and share repurchases ($98.4 million), reflecting a surge of 42.4% year over year. The company will remain focused on rewarding shareholders.
C.H. Robinson Worldwide, Inc. Price, Consensus and EPS Surprise
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