Maersk posts Q1 profits above expectations, lifts lower end of FY guidance range
Posted on AllSides May 1st, 2024
From The Center
COPENHAGEN, May 2 (Reuters) - Shipping group A.P. Moller-Maersk (MAERSKb.CO) on Thursday reported first-quarter earnings above expectations and lifted the lower end of its full-year profit guidance range.
Maersk said it now expects underlying earnings before interest, taxation, depreciation and amortisation (EBITDA) this year between $4 billion and $6 billion, compared with its previous guidance between $1 billion and $6 billion.
