On Monday, ZIM Integrated Shipping Services Ltd. (ZIM) reported fourth quarter results that exceeded analyst expectations, posting adjusted earnings per share of $0.32 compared to the consensus estimate of -$0.99.
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German shipping giant Hapag-Lloyd (HLAG) said on Sunday that it was in advanced talks to buy ZIM Integrated Shipping Services
(ZIM), an Israeli cargo company that is listed on the New York Stock Exchange.
ZIM Integrated Shipping Services reported second quarter EPS of $3.08, $1.30 better than the analyst estimate of $1.78. Revenue for the quarter came in at $1.93B versus the consensus estimate of $1.76B.
ZIM Integrated Shipping Services Ltd. reported a significant earnings miss in the first quarter of 2024, which sent its shares down by 9.75%. The global container liner shipping company announced a Q1 EPS of $0.75, falling short of the analyst estimate of $1.14.
Shares of Zim Integrated Shipping fell after the company’s revenue fell sharply due to lower shipping rates.
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