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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