10:05 AM EDT, 08/19/2024 (MT Newswires) -- (Updates to include recent ZIM Integrated Shipping Services ( ZIM ) share price movement in the headline and first paragraph.)

ZIM Integrated Shipping Services ( ZIM ) shares were up more than 20% in recent Monday trading after it earlier reported Q2 earnings of $3.08 per diluted share, swinging from a loss of $1.79 per share a year earlier.

Two analysts surveyed by Capital IQ expected a loss of $1.80 per share.

Revenue for the quarter ended June 30 was $1.93 billion, up from $1.31 billion a year earlier.

Two analysts polled by Capital IQ expected $1.78 billion.

The company also raised its 2024 adjusted earnings before interest, taxes, depreciation and amortization outlook to now be between $2.6 billion and $3 billion from the prior range of $1.15 billion to $1.55 billion.

Price: 22.89, Change: +3.83, Percent Change: +20.09