Mærsk Shares Jump After Strong Earnings and Profit Upgrade

A.P. Møller-Mærsk shares surged on Thursday, with gains of 9.4 and 8.8 percent, following the release of the company's second-quarter financial results. The shipping giant reported robust growth, with revenue climbing 20 percent and net profit more than doubling compared to the previous year.

This strong performance boosted Mærsk's market value by 21.6 billion Danish kroner on Thursday. The positive financial report also prompted the company to raise its full-year earnings expectations. Mærsk now anticipates an underlying operating profit before depreciation and amortization between $10.5 billion and $12.5 billion, an increase from the previous forecast of $8 billion to $10 billion.

The upward revision caught some market observers by surprise. "I had actually imagined that it (the financial report) would be a bit of a 'non-event,' because we had an upgrade not too long ago," Martin Munk, a senior stock analyst at Jyske Bank, told MarketWire. "Now they are coming with a new one, so it's really impressive," he added.

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I had actually imagined that it (the financial report) would be a bit of a 'non-event,' because we had an upgrade not too long ago. Now they are coming with a new one, so it's really impressive.