Why ZIM Integrated Shipping Services Stock Dropped Today
Shares of ZIM Integrated Shipping Services (NYSE: ZIM), an Israeli oceangoing container-shipper, tumbled 5.6% through 11:40 a.m. EDT Monday after "missing earnings" in the company's fourth-quarter 2020 financial report this morning.
Expected to earn $3.71 per share on sales of $1.3 billion for the quarter, ZIM said it only earned $3.65 per share, despite sales exceeding expectations at $1.4 billion.
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Source Fool.com
