Maersk Drops As Company Misses Estimates After An 'Unusual' Year
A.P. Moller-Maersk A/S fell short of earnings expectations last year but promised its shareholders profit at the world’s biggest shipping company will grow as much as 43 percent in 2018.
Maersk opened about 5 percent lower in Copenhagen, making it the day’s worst performer on Denmark’s index of benchmark stocks. In a note to clients, Clarksons Platou said Maersk disappointed both on the results it delivered last year, and on its outlook.
“As always, management is usually conservative in their guidance at the start of the year given low visibility in the industry,” analysts Frode Morkedal and Herman Hildan said in the note.
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