Zim Integrated Shipping stock soars on Q2 earnings results

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Julie Hyman,Market Domination,Quarter Earnings

Shares of Zim Integrated Shipping Services (ZIM) are moving higher after the company released its second quarter earnings, easily beating estimations on both...

) are moving higher after the company released its second quarter earnings, easily beating estimations on both the top and bottom line and posting revenue of $1.93 billion, against expectations of $1.78 billion with adjusted earnings per share of $3.08.Our last trending ticker Zim integrated shipping services that a soaring today after beating on earnings, it also raised its full year guidance, signaling confidence and continued demand for its services.

If they are on track, the company says to achieve double digit volume growth target in 24 well positioned, they say to drive profit growth ahead bulls on the stock, talking about how revenues jumped sequentially by 370 million operating costs.So big jump in free cash flow, we always point out, but I mean, that chart is incredible even just year to day something.

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