A.P. Moller-Maersk prepares to report first-quarter results
Updated
Updated · MarketWatch · May 7
A.P. Moller-Maersk prepares to report first-quarter results
3 articles · Updated · MarketWatch · May 7
Analysts forecast revenue of $12.48 billion, down 6.3%, EBITDA of $1.67 billion and EBIT of $117 million before Thursday's release.
They expect a solid quarter from China-led container volume growth and terminals and logistics, but say the Middle East war's bigger hit should emerge in the second quarter.
Higher fuel costs have outpaced freight-rate gains, putting guidance under pressure, though Maersk later kept its full-year outlook despite a $192 million first-quarter shipping loss.
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