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Maersk Q2 profit in line with forecast, keeps outlook
[COPENHAGEN] Danish shipping and oil group AP Moller-Maersk reported on Friday a third-quarter net profit in line with analysts' forecasts and repeated its full-year profit guidance given two weeks ago.
Net profit fell to US$778 million, slightly above an average forecast of US$764 million in a Reuters poll of analysts.
On Oct 23, the group cut its full-year net profit outlook to US$3.4 billion from a previous forecast of US$4.0 billion. Those expectations were repeated on Friday.