Maersk Soars After Profit Drops Less Than Expected Amid Cuts

  • Shares gain as much as 6.7% as Maersk beats analyst forecasts
  • Oil and shipping units both exceed expectations on cost cuts

A.P. Moeller-Maersk A/S rose the most in 2 1/2 months after reporting a smaller decline in first-quarter profit than estimated following deeper cost cuts at its oil unit.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.