ZIM: Q4 Earnings Snapshot
HAIFA, Israel (AP) — HAIFA, Israel (AP) — ZIM Integrated Shipping Services Ltd. (ZIM) on Wednesday reported a loss of $148.4 million in its fourth quarter.
On a per-share basis, the Haifa, Israel-based company said it had a loss of $1.23.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.33 per share.
The container shipping company posted revenue of $1.21 billion in the period.
For the year, the company reported a loss of $2.7 billion, or $22.42 per share. Revenue was reported as $5.16 billion.
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