C.H. Robinson Stock Skyrockets 20% to Record High on AI-Fueled Profit Beat and Raised Outlook
Q3 Earnings Spark Record Stock Surge C.H. Robinson’s latest earnings report provided a jolt of optimism, sending its stock soaring to record highs. The Minnesota-based freight broker – one of the world’s largest third-party logistics providers – posted third-quarter results on October 29 that handily beat profit forecasts reuters.com. Adjusted earnings came in at $1.40 per share, topping consensus by ~$0.10 and rising nearly 9% from a year ago investing.com. This positive surprise was achieved even though revenue fell about 11% to $4.14 billion, slightly below expectations amid a sluggish freight market reuters.com. The market reacted swiftly: CHRW shares jumped 12%