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CHRW CH Robinson Worldwide News Story

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C.H. Robinson rises as Q3 profit tops estimates

** Shares of global freight forwarder C.H. Robinson CHRW.O jump nearly 14% to $147 premarket

** Co on Wednesday posted Q3 profit above Wall Street estimates as cost-saving measures helped cushion the impact of subdued freight demand

** CHRW posted quarterly adj. profit of $1.40/share, compared with analysts' avg. estimate of $1.30/share, according to data compiled by LSEG

     ** Weaker pricing and volumes dragged the ocean services unit's adjusted gross profit down 32.5%

** Co's total revenue fell 10.9% to $4.14 bln in Q3, missing estimates of $4.23 bln

** Stock up 25.2% YTD, as of last close

 (Reporting by Apratim Sarkar in Bengaluru)

 ((Apratim.Sarkar@thomsonreuters.com))

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