HAIFA, Israel (AP) — HAIFA, Israel (AP) — ZIM Integrated Shipping Services Ltd. (ZIM) on Wednesday reported a loss of $2.27 billion in its third quarter.

The Haifa, Israel-based company said it had a loss of $18.90 per share. Losses, adjusted for asset impairment costs, came to $1.97 per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of $1.56 per share.

The container shipping company posted revenue of $1.27 billion in the period.

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