A. P. Moller Maersk Q3 EPS $0.97 Misses $0.99 Estimate, Sales $15.76B Beat $15.66B Estimate
Portfolio Pulse from Benzinga Newsdesk
A. P. Moller Maersk reported Q3 earnings per share of $0.97, missing the $0.99 estimate, but sales of $15.76 billion beat the $15.66 billion estimate. EPS increased by 525.81% and sales by 29.95% compared to the same period last year.
October 31, 2024 | 10:15 am
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A. P. Moller Maersk's Q3 earnings per share of $0.97 missed the $0.99 estimate, but sales of $15.76 billion exceeded the $15.66 billion estimate. The EPS increased significantly by 525.81% year-over-year, and sales rose by 29.95%.
The earnings per share missed analyst expectations slightly, which could be seen negatively by investors. However, the significant year-over-year increase in EPS and the sales beat could offset the negative sentiment. The mixed results suggest a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100