Revenue Update on C.H. Robinson Worldwide(NASDAQ:CHRW)

C.H. Robinson Worldwide(NASDAQ:CHRW) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $3.30B. Analysts estimated a revenue of $3.43B. Earnings per share were $1.00. Analysts had estimated an EPS of $1.01.

In a different note, On Jul 18, 2016, Raymond James said it Downgrades its rating on C.H. Robinson Worldwide. The shares have been rated ‘Market Perform’ by the firm. JP Morgan said it Initiates Coverage on C.H. Robinson Worldwide, according to a research note issued on Jul 11, 2016. The shares have been rated ‘Underweight’ by the firm. On Jul 11, 2016, UBS said it Downgrades its rating on C.H. Robinson Worldwide. The shares have been rated ‘Sell’ by the firm. On Apr 28, 2016, Stephens & Co. said it Downgrades its rating on C.H. Robinson Worldwide. The shares have been rated ‘Equal-weight’ by the firm.

C.H. Robinson Worldwide (CHRW) made into the market gainers list on Fridays trading session with the shares advancing 0.56% or 0.39 points. Due to strong positive momentum, the stock ended at $69.62, which is also near the day’s high of $69.86. The stock began the session at $69.15 and the volume stood at 14,61,521 shares. The 52-week high of the shares is $76.1 and the 52 week low is $59.71. The company has a current market capitalization of $9,939 M and it has 14,27,66,640 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 11, 2016, Angela K. Freeman (VP, Human Resources) sold 2,200 shares at $73.15 per share price.Also, On May 10, 2016, Robert C Jr Biesterfeld (President, N American Surface) sold 2,405 shares at $72.65 per share price.On May 3, 2016, Jordan T Kass (President, Managed Services) sold 4,076 shares at $70.90 per share price, according to the Form-4 filing with the securities and exchange commission.

C.H. Robinson Worldwide Inc. is a third party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes in a variety of industries. The Company operates through a network of 281 offices in North America Europe Asia and South America. It has developed global transportation and distribution networks to provide transportation and supply chain services worldwide. It also provides sourcing services through Robinson Fresh. Sourcing business involves the buying selling and marketing of fresh fruits vegetables and other perishable items. The Company supplies fresh produce through its network of independent produce growers and suppliers. Its customers include grocery retailers and restaurants produce wholesalers and foodservice distributors. It also arranges the logistics and transportation of the products it sells and provides related supply chain services such as replenishment category management and merchandising.

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