Maersk Soars as Earnings Show Company Defying Market Headwinds
This article is for subscribers only.
Shares in A.P. Moeller-Maersk A/S soared the most since February after the owner of the world’s largest container line said profit exceeded estimates despite a slump in freight rates.
Maersk shares rose 7.4 percent to 12,790 kroner as of 9:39 a.m. in Copenhagen. They soared as much as 8.7 percent right after the market opened, their biggest gain since Feb. 25. Before Thursday, the stock had lost 3.7 percent in 2015, compared with a 12 percent gain in the Stoxx Europe 600 Index.