AP Moller-Maersk shares crashed this morning as soft guidance for this year in the face of macroeconomic headwinds overshadowed a fourth-quarter performance that followed the market script.
Stock in the Danish container giant plunged by more than one-tenth in early trading, despite a quarterly report that trumpeted confidence in the company’s strategic shift towards transport and logistics.
A fourth-quarter operating profit of $219m lagged the $421m consensus, but overall the figures were described broadly as expected.
