ZIM Reports First-Quarter Loss Amid Declining Volumes and Rate Pressures
ZIM Integrated reported a first-quarter loss due to lower carried volumes and downward pressure on rates. The company's GAAP EPS was -$0.71, missing estimates by $0.33, while revenue of $1.4 billion also fell short by $60 million.
Tickers: $ZIM
Topics: earnings GAAP EPS revenue miss