We recently published 10 Stocks with Outstanding Gains; 9 on Record Highs. CH Robinson Worldwide, Inc. is one of the best-performing stocks on Thursday.
CH Robinson surged to a fresh record high on Thursday, as investor sentiment was bolstered by a double-digit surge in net profits and a higher growth outlook for full-year 2026.
At intra-day trading, the stock soared to its highest price of $158.70 before paring gains to end the day just up by 19.71 percent at $154.88 apiece.
In an updated report, CH Robinson Worldwide, Inc. said that it was able to grow its net income by 68 percent to $163 million from $97 million in the same period last year, on the back of a higher operating income due to a decrease in operating expenses.
Revenues, on the other hand, dropped by 10.9 percent to $4.1 billion from $4.6 billion year-on-year, primarily due to lower pricing in both truckload and ocean services, coupled with a decline in the latter’s volume, as well as the divestment of its Europe Surface Transportation business.
Copyright: lightpoet / 123RF Stock Photo
Looking ahead, CH Robinson Worldwide, Inc. said it is targeting a higher operating income of $965 million to $1.04 billion for full-year 2026, amid confidence about its business strategy and execution, as well as runway for improvement.
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This article is originally published at Insider Monkey.
