Shares of ZIM Integrated Shipping Services Ltd. (ZIM) tumbled 5.01% in pre-market trading on Thursday, following the release of its third-quarter earnings report. Despite beating some analyst expectations, the company's financial results highlighted ongoing challenges in the shipping industry.

ZIM reported Q3 revenue of $1.78 billion, slightly above the consensus estimate of $1.77 billion, but representing a significant 36% year-over-year decline. The company's earnings per share came in at $1.02, surpassing some analysts' forecasts but falling short of others. While ZIM's adjusted EBITDA of $593 million beat consensus estimates, it marked a steep 61% decrease compared to the same period last year.

The pre-market plunge appears to reflect investor concerns about the company's performance amid industry-wide headwinds. ZIM cited geopolitical instability and fluctuating freight rates as key challenges in the market. Despite these obstacles, the company raised its full-year 2025 guidance for adjusted EBITDA to $2.0-$2.2 billion and adjusted EBIT to $700-$900 million. Additionally, ZIM declared a dividend of $37 million, demonstrating its commitment to shareholder returns. However, these positive notes seem overshadowed by the broader industry concerns and the significant year-over-year declines in key financial metrics.