C.H. Robinson Stock Soars as Cost Controls Lift Freight Transporter's Earnings
1. C.H. Robinson's Q2 profits exceeded estimates, boosting shares significantly. 2. Adjusted EPS rose 25% year-over-year, achieving $1.15 against estimates of $0.95. 3. Cost-control measures aided profitability despite industry challenges and freight recession. 4. BMO Capital Markets raised CHRW's price target to $92 following strong results. 5. CHRW shares surged nearly 15%, marking a 52-week high in the S&P 500.