2023-08-16 07:02:05 ET
- ZIM Integrated press release ( NYSE: ZIM ): Q2 GAAP EPS of -$1.79 misses by $0.89 .
- Revenue of $1.31B (-61.8% Y/Y) misses by $40M .
- ZIM carried 860 thousand TEUs in the second quarter of 2023, compared to 856 thousand TEUs in the second quarter of 2022.
- The average freight rate per TEU was $1,193 for the second quarter of 2023, compared to $3,596 for the second quarter of 2022.
- Full year 2023 guidance: the company expects to generate Adjusted EBITDA of $1.2 billion to $1.6 billion and Adjusted EBIT loss of $500 to $100 million.
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ZIM Integrated GAAP EPS of -$1.79 misses by $0.89, revenue of $1.31B misses by $40M