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CH Robinson Worldwide Q1 Profit Rises - Quick Facts

CH Robinson Worldwide Inc. (CHRW) reported that its first-quarter net income increased to $106.50 million or $0.65 per share, up from $97.03 million or $0.59 per share in the same quarter last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.65 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter rose to $2.55 billion from $2.37 billion in the prior year quarter. Seventeen analysts had consensus revenue estimate of $2.60 billion for the quarter.

by RTT Staff Writer

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Diplomatic ties have been restored, so Cuba will surely see an influx of massive cruise ships and curious Americans. Following the rebound seen in the previous session, stocks continued to recover from Monday's sell-off during trading on Wednesday. The markets benefited from a positive reaction to the latest news about Greece as well as some upbeat U.S. economic data. Continuing efforts to normalize relations, President Barack Obama announced Wednesday the U.S. and Cuba will re-open embassies in each country's respective capitals later this month. Obama described the move as a demonstration that the U.S. and Cuba don't have to be imprisoned by the past.
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