ZIM Integrated Shipping climbs on Q3 profit, revenue beat

Zim Integrated Shipping Services

16/11/2022 12:44

** Shares of ZIM Integrated Shipping Services Ltd  ZIM.N 
climb 3.3% premarket to $27.25
    ** ZIM posts Q3 profit of $9.66/shr, beating estimate of
$9.54/shr - Refinitiv data
    ** Driven by macroeconomic and geopolitical uncertainties,
the near-term outlook for container shipping has shifted and the
normalization in freight rates has begun, says CEO Eli Glickman
    ** ZIM also beats Q3 revenue of $3.23 bln
    ** ZIM down 55% YTD
 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))