Maersk Shares Drop 8.8% Following Disappointing Q3 EBITDA and Full-Year Guidance
AP Møller-Maersk (AMKBY) shares fell 8.8% in European trading on Thursday following the release of its third-quarter earnings report. While the company reported a significant increase in underlying EBITDA to $4.7 billion, up from $2.7 billion in the previous year, the figure failed to meet the market consensus average forecast of $5.04 billion. Despite an upgrade to its full-year guidance, investor sentiment turned negative as the results fell short of high expectations. The discrepancy between the reported EBITDA and analyst projections triggered a sharp sell-off in the company's stock.
Tickers: $AMKBY
Topics: earnings miss EBITDA guidance stock price drop
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