C.H. Robinson Worldwide Inc. (NASDAQ: CHRW) experienced a significant surge of 6.88% in its stock price during extended trading sessions. The movement occurred following the company's release of its fourth-quarter financial results.
The freight logistics firm reported adjusted earnings per share of $1.23 for the quarter, surpassing analyst estimates of $1.12. This outperformance was primarily driven by effective cost control measures, including a 9.5% reduction in operating expenses and an 11.8% decrease in average employee headcount year-over-year.
Management highlighted the success of its Lean AI strategy, which has automated key processes and improved operational efficiency. Additionally, the company generated strong cash flow and returned substantial capital to shareholders. Analyst optimism also contributed to the positive momentum, with Baird raising its price target on the stock.
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