Maersk third-quarter beats forecasts, narrows full-year profit guidance

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Reuters COPENHAGEN
Last Updated : Nov 14 2018 | 12:55 PM IST

COPENHAGEN (Reuters) - Danish shipping group A.P. Moller-Maersk beat third-quarter operating profit forecasts on Wednesday, but said it moved fewer containers than it had expected.

Maersk's earnings before interest, tax, depreciation and amortisation (EBITDA) totalled $1.14 billion for the quarter, compared with 1.09 billion forecast by analysts in a Reuters poll.

The company narrowed its expectation for full-year EBITDA to be in the range of $3.6 billion to $4.0 billion. It had previously guided between $3.5 billion and $4.2 billion.

(Reporting by Jacob Gronholt-Pedersen; Editing by Susan Fenton)

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First Published: Nov 14 2018 | 12:49 PM IST

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