How did CHRW's Q1 2024 EPS surprise impact its stock?

C.H. Robinson Worldwide (CHRW) reported a diluted EPS of $0.78 for Q1 2024, with an EPS surprise of $0.24. This positive surprise likely had a favorable impact on the stock, as it indicated that the company's performance exceeded market expectations. The stock's closing price on March 28, 2024, was $76.14, and it had experienced a slight decline of 4.04% to $90.94 by the end of the reporting period. The positive EPS surprise could have helped to mitigate this decline and potentially even led to an increase in the stock price.

|code|Ticker|Name|Date|Closing Price|EPS Surprise|Diluted EPS|market_code|
|---|---|---|---|---|---|---|---|
|CHRW|CHRW.O|C.H. Robinson Worldwide|20230403|97.01|||185|
|CHRW|CHRW.O|C.H. Robinson Worldwide|20230404|94.67|||185|
|CHRW|CHRW.O|C.H. Robinson Worldwide|20230405|93.18|||185|
|CHRW|CHRW.O|C.H. Robinson Worldwide|20230406|92.67|||185|
|CHRW|CHRW.O|C.H. Robinson Worldwide|20230410|95.14|||185|
|CHRW|CHRW.O|C.H. Robinson Worldwide|20230411|95.69|||185|
|CHRW|CHRW.O|C.H. Robinson Worldwide|20230412|94.73|||185|
|CHRW|CHRW.O|C.H. Robinson Worldwide|20230413|95.58|||185|
|CHRW|CHRW.O|C.H. Robinson Worldwide|20230414|95.57|||185|
|CHRW|CHRW.O|C.H. Robinson Worldwide|20230417|95.77|||185|