Maersk Reports Lower Net Profit Despite Strong Container-Shipping Demand
Provided by
Dow Jones
By Nina Kienle
A.P Moeller-Maersk on Wednesday posted a drop in second-quarter net profit, despite strong container-shipping demand in a market of supply-chain disruptions.
The Danish shipping giant's quarterly net profit fell to $798 million, from $1.45 billion in the same period a year prior. Analysts expected net profit to be $781.1 million, according to consensus estimates provided by FactSet.
Last week, Maersk raised its full-year 2024 guidance, citing disruptions in the Red Sea and robust container-shipping demand.
Write to Nina Kienle at nina.kienle@wsj.com
(END) Dow Jones Newswires
August 07, 2024 02:36 ET (06:36 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks
United States