MPCC shares fall on 'low quality' Q2 beat after strong run into results

Mpc Container Ships ASA

28/08/2024 09:16

** MPC Container Ships  MPCC.OL  fall 10.5%, despite Q2
profit beat and outlook hike, with analysts flagging the stock's
strong run into the results and a "low quality" of the beat
    ** The Norwegian marine freight and logistics report
quarterly adjusted EBIT of $78 million, beating analysts'
expectations, but DNB markets says the consensus may be
"lagging"
    ** DNB adds the beat is of "low quality", considering the
overall positive sentiment, and the shares are adjusting to
unsurprising report
    ** Pareto analyst says the dip is a little surprising, but
the shares have been strong into the report
    ** The stock, which has gained about 84% YTD, rose over 13%
over last 6 days

 (Reporting by Anna Chaberska)
 ((Anna.chaberska@thomsonreuters.com))