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Maersk Q2 beats expectations, warns trade war may hurt container business


Reuters


COPENHAGEN, Aug 15 (Reuters) - Shipping group A.P. Moller-Maersk on Thursday posted second-quarter profit above expectations and reaffirmed its full-year guidance but warned a trade war between the United States and China could hurt the container sector.

Earnings before interest, tax, depreciation and amortisation (EBITDA) totalled $1.36 billion, topping the $1.24 billion forecast by analysts in a Reuters poll.

Maersk, the world's largest container shipping company, said it still expects EBITDA for the full year to total $5 billion.






This article appears in: Fundamental Analysis , World Markets , Stocks , Economy , Earnings



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