HAIFA, Israel (AP) — HAIFA, Israel (AP) — ZIM Integrated Shipping Services Ltd. (ZIM) on Monday reported fourth-quarter profit of $414.2 million.
On a per-share basis, the Haifa, Israel-based company said it had net income of $3.44.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.26 per share.
The container shipping company posted revenue of $2.19 billion in the period.
For the year, the company reported profit of $4.62 billion, or $38.35 per share. Revenue was reported as $12.56 billion.
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