Danish shipping giant Maersk
on Thursday posted stronger-than-expected third-quarter operating profit and raised the lower-end of its full-year guidance, bolstered by increasing container volumes.
The company, widely regarded as a barometer of global trade, reported preliminary underlying earnings before interest, tax, depreciation and amortization (EBITDA) of $2.68 billion for the July-September period.
That’s above the $2.6 billion expected by analysts in an LSEG-compiled consensus but down sharply from $4.8 billion over the same period a year earlier.
Maersk also raised its full-year operating profit forecast to between $9 billion and $9.5 billion, up from previous guidance of $8 billion to $9.5 billion.
