trending Market Intelligence /marketintelligence/en/news-insights/trending/f3t6lfYm1ft28DEiGtwg6A2 content esgSubNav
In This List

Maersk profit beats consensus by 74.5% in Q1

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Maersk profit beats consensus by 74.5% in Q1

A.P. Møller - Mærsk A/S said its first-quarter normalized net income amounted to $15.59 per share, compared with the S&P Capital IQ consensus estimate of $8.93 per share.

EPS increased 56.1% year over year from $9.99.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $318.3 million, an increase of 51.0% from $210.8 million in the prior-year period.

The normalized profit margin rose to 3.6% from 2.5% in the year-earlier period.

Total revenue climbed 5.0% on an annual basis to $8.96 billion from $8.54 billion, and total operating expenses rose on an annual basis to $8.37 billion from $8.10 billion.

Reported net income rose 16.1% on an annual basis to $245.0 million, or $12.00 per share, from $211.0 million, or $10.00 per share.