Maersk’s 3Q Improvement Supports Industry Recovery, Market Doesn’t Care — Panjiva
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Supply Chain Research

Maersk’s 3Q Improvement Supports Industry Recovery, Market Doesn’t Care

Corp - Shipping 981 Earnings 730 Mode - Containerized 1475 Mode - Seaborne 1806

Maersk reported third quarter revenues that were 4% higher than the second quarter. This supports a potential 4.1% growth in total shipping industry revenues for the third quarter. It has also made positive comments about contract negotiations in the final quarter of the year. Yet, the third quarter revenues were 2% below those expected by analysts, and the 2016 profit guidance of “below $1 billion” was 30% below forecasts. The stock price has fallen around 10% in response.

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