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A.P. Moller-Maersk Hit By Q4 Loss, Buyback Termination, FY24 Warning

A.P. Moller-Maersk Hit By Q4 Loss, Buyback Termination, FY24 Warning

Shares of A.P. Moller - Maersk A/S were losing around 16 percent in the morning trading on Denmark stock exchange after the logistics major reported Thursday a loss in its fourth quarter, compared to prior year's profit, on weak revenues. The results were impacted by downward pressure on rates and oversupply in Ocean, despite increasing volumes.
RTTNews | 552天前