This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Why CH Robinson Worldwide (CHRW) is Plummeting on Wednesday

NEW YORK (TheStreet) -- CH Robinson Worldwide (CHRW - Get Report) has taken off nearly 10% on Wednesday's session after reporting weaker-than-expected earnings a day earlier.

The freight and logistics company reported quarterly net income of 62 cents a share, 6 cents short of consensus according to analysts surveyed by Thomson Reuters. Revenue of $3.15 billion fell below expectations of $3.27 billion.

By segment, truckload net revenues dropped 5.6% from the year-ago quarter, while truckload volumes increased 7%. Intermodal net revenue, meaning goods moved in a container via multiple modes of transport, increased 9.4% due to increased revenue margin. Ocean and air transportation net revenues jumped 37.6% and 12.8%, respectively.

For the full year ended December, earnings of $2.65 a share missed consensus by 6 cents. Revenue of $12.75 billion jumped 12% year-over-year, but fell short of expectations by $117 million.

Must Read: Why Extreme Networks (EXTR) Is Down Today

By late morning, shares had plummeted 9.4% to $53.12.

TheStreet Ratings team rates C H ROBINSON WORLDWIDE INC as a Buy with a ratings score of B-. The team has this to say about their recommendation:

"We rate C H ROBINSON WORLDWIDE INC (CHRW) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
CHRW $71.06 -0.95%
AAPL $92.97 -0.69%
FB $118.17 0.09%
GOOG $699.09 0.49%
TSLA $213.16 -4.20%


Chart of I:DJI
DOW 17,691.94 +40.68 0.23%
S&P 500 2,055.03 +3.91 0.19%
NASDAQ 4,734.1640 +8.5250 0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs