C.H. Robinson Worldwide -9% after profit miss
Jan. 28, 2020 4:33 PM ETC.H. Robinson Worldwide, Inc. (CHRW)By: Clark Schultz, SA News Editor
- Shares of C.H. Robinson Worldwide (NASDAQ:CHRW) slide after the company's Q4 profit mark misses the consensus estimate by a wide margin. Lower prices across transportation lines factored in during the quarter.
- C.H. Robinson Worldwide also disclosed the acquisition of Roadrunner Transportation's Prime Distribution Services business for $225M.
- "Prime Distribution Services is a high-quality growth company that brings scale and value-added warehouse capabilities to our retail consolidation platform, adding to our global suite of services," says C.H. Robinson CEO Bob Biesterfeld.
- CHRW -8.83% AH.
- Previously: C.H. Robinson Worldwide EPS misses by $0.23, beats on revenue (Jan. 28)