ZIM: Q4 Earnings Snapshot

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ZIM at https://www.zacks.com/ap/ZIM

Copyright © 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

More from WTOP

Log in to your WTOP account for notifications and alerts customized for you.

Sign up