Maersk Q3 Underlying EBITDA Misses Consensus; Guidance Falls Short
Maersk’s third-quarter underlying EBITDA was 11% below consensus, J.P. Morgan analysts say. Ocean-unit EBITDA was 16% below expectations as volumes fell 1% year over year; the guidance upgrade also fell short of expectations.
Maersk third-quarter underlying Ebitda landed 11% below consensus, driven by a miss in the ocean unit, while the guidance upgrade fell short of expectations, J.P. Morgan analysts write. The ocean unit Ebitda came in 16% below expectations as volumes fell 1% on year, the bank says. Maersk also deliv…