Maersk Raises Profit Outlook Again
Maersk raised its full-year profit guidance for a third time due to high freight rates driven by port congestion and artificial intelligence demand. However, shares fell after third-quarter earnings missed analyst expectations.
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AP MOLLER-MAERSK A/S-A raised its full-year profit outlook on Wednesday following strong container freight rates driven by port congestion and artificial intelligence infrastructure demand. The upgrade exceeded expectations, yet shares dropped 11% in Denmark as third-quarter earnings missed analyst forecasts. Investors reacted to rising costs in the ocean division and lower-than-anticipated cargo volumes.
