Why CH Robinson Worldwide (CHRW) Stock Is Up Today

NEW YORK (TheStreet) -- CH Robinson Worldwide (CHRW) was gaining 5.1% to $58.82 Wednesday after beating analysts' estimates for earnings in the first quarter.

For the first quarter CH Robinson Worldwide posted earnings of 63 cents a share, beating the Capital IQ Consensus Estimate of 61 cents a share by 2 cents. Revenue grew 5% from the year-ago quarter to$3.14 billion. Analysts expected revenue of $3.18 billion for the quarter.

Truckload net revenue increased 0.5% from the year-ago quarter, and truckload volumes increased about 4%. North American truckload volumes grew about 3% in the quarter.

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TheStreet Ratings team rates C H ROBINSON WORLDWIDE INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate C H ROBINSON WORLDWIDE INC (CHRW) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. 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. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow."

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