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US: C.H. Robinson Q3 profit, revenue below estimates

C.H. Robinson Inc. reported late Tuesday third-quarter earnings that came in short of analyst estimates, even as revenue climbed 6.9% from a year ago. The freight services company (US:chrw) reported net income of $116 million, or 72 cents a share, compared with $114 million, or 70 cents a share, for the same period a year ago. Revenue rose to $2.88 billion, from $2.69 billion. Analysts expected earnings of 73 cents a share and revenue of $2.97 billion, according to a consensus forecast from FactSet. Shares of C.H. Robinson traded 0.8% lower in after-hours dealings, following a close at $60.98 ahead of the news.

Source: marketwatch.com