Maersk Disappoints Despite Raised Guidance

3 months ago

Louise Moon

"they raised their four-year profit guidance this morning which on the face of it seems quite positive but investors are essentially disappointed, wanting more improvements and a higher margin increase. Analysts are saying that their third quarter was, in a quote, a bit of a bubble, so while it was a good report, everything points to difficulty ahead. This is seen as a bellwether for global trade, which is facing lower freight rates, disruption in the Red Sea, and slowing US China trade."

The segment explains that even though Maersk raised its four-year profit guidance, investor disappointment remains due to modest improvements and broader global trade headwinds.