A post by @FirstSquawk on X.
AP Moller Maersk Q3 Earnings:
@FirstSquawk on X
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A.P. Moller-Maersk raised its full-year guidance after reporting third-quarter results, now projecting underlying EBIT of $8.0–8.5 billion versus the prior $4.5–6.5 billion range and underlying EBITDA of $14.0–14.5 billion, roughly in line with the $14.03 billion consensus. The Danish container-shipping group kept its forecast for global container trade growth at about 4% for the year. The upgrade signals that freight rates and volumes are holding up better than the company expected, a read-across for global trade and container-shipping peers. Investors will watch whether the improved earnings hold through the fourth quarter and whether Maersk's trade-growth assumption survives any softening in demand.
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AP Moller Maersk