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

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

Reuters  |  COPENHAGEN 

(Reuters) - Danish shipping group A.P. Moller-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 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)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, November 14 2018. 12:49 IST