C.H. Robinson Stock Skyrockets 20% to Record High on AI-Fueled Profit Beat and Raised Outlook
C.H. Robinson shares jumped over 20% to a record high after third-quarter earnings beat forecasts, with adjusted EPS at $1.40 versus $1.30 expected. Revenue dropped 10.9%, but profit rose on cost cuts and AI gains. Management raised its 2026 operating income target by $50 million and approved a $2 billion buyback. Analysts lifted price targets, citing operational changes and tech investments.
