Maersk shares surge 10% after strong earnings report - Breaking The News

Maersk shares surge 10% after strong earnings report

6 February

1 min read

UNSPLASH / GALEN_CROUT

Shares of shipping giant AP Moller-Maersk surged more than 10% following the company's stronger-than-expected fourth-quarter earnings report.

The Danish firm reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of $3.6 billion for the quarter, surpassing analysts' expectations of $3 billion. Full-year EBITDA rose 26% to $12.13 billion.

After hitting their intraday high, Maersk's shares were up 9.13% at 11:03 am CET to sell at 11,862.

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