C.H. Robinson Worldwide Inc. said its normalized net income for the second quarter came to 76 cents per share, compared with the S&P Capital IQ consensus estimate of 90 cents per share.
EPS decreased 23.3% year over year from 99 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $107.8 million, a decrease of 24.2% from $142.2 million in the prior-year period.
The normalized profit margin dropped to 2.9% from 4.3% in the year-earlier period.
Total revenue climbed 12.4% year over year to $3.71 billion from $3.30 billion, and total operating expenses climbed 15.1% on an annual basis to $3.53 billion from $3.07 billion.
Reported net income decreased 22.9% on an annual basis to $110.4 million, or 78 cents per share, from $143.2 million, or $1 per share.
