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Why C.H. Robinson Stock Exploded Higher Today

TheMotleyFool

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Why C.H. Robinson Stock Exploded Higher Today: https://g.foolcdn.com/editorial/images/840484/woman-in-red-uniform-sitting-at-the-wheel-of-a-big-red-tractor-trailer-semi-truck.jpg

C.H. Robinson Worldwide (NASDAQ: CHRW) stock motored ahead 20.4% through 12:50 p.m. ET Thursday despite the freight transport and logistics company reporting mixed results last night.

Heading into its Q3 report, analysts forecast Robinson would earn $1.30 per share on more than $4.2 billion in sales. In fact, while non-GAAP (generally accepted accounting principles) earnings were a better-than-expected $1.40, sales missed expectations at $4.1 billion.

Image source: Getty Images.

Source Fool.com

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