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.
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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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