07:44 AM EDT, 05/21/2024 (MT Newswires) -- ZIM Integrated Shipping Services ( ZIM ) reported Q1 earnings Tuesday of $0.75 per diluted share, swinging from a loss of $0.50 per share a year earlier.

Three analysts polled by Capital IQ expected earnings of $1.54 per share.

Revenue for the quarter ended March 31 was $1.56 billion, up from $1.37 billion a year earlier.

The analysts surveyed by Capital IQ expected $1.62 billion.

The company said its board declared a cash dividend of $0.23 per ordinary share, payable June 11 to shareholders of record as of June 4.

ZIM's shares were down more than 9% in recent Tuesday premarket activity.

Price: 17.45, Change: -1.73, Percent Change: -9.02