Shipping giant Maersk's shares jump 9% on profit beat despite trade uncertainty

Maersk stock surged 9% after reporting better-than-expected fourth-quarter results, with EBITDA rising 26% to $12.13 billion for the full year and $3.6 billion for the quarter. CEO Vincent Clerc highlighted growth across all segments and strong global trade trends, forecasting EBITDA between $6 billion and $9 billion in 2025 amid a positive economic outlook. Analysts noted a share buyback despite potential losses in ocean freight shipping later in the year.

Full Article