Matson (MATX) Releases Earnings Results, Misses Expectations By $-0.01 EPS

Matson (MATX) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.41 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.42. The company posted revenue of $454.20 million in the period, compared to analysts expectations of $488.84 million. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

Matson opened for trading at $39.02 and hit $39.71 on the upside on Monday, eventually ending the session at $39.68, with a gain of 2.06% or 0.8 points. The heightened volatility saw the trading volume jump to 2,43,410 shares. Company has a market cap of $1,724 M.

In a different news, on May 2, 2016, Jeffrey N Watanabe (director) sold 2 shares at $43.24 per share price. According to the SEC, on Jan 12, 2016, Matthew J Cox (President & CEO) sold 5,321 shares at $37.97 per share price. On Nov 24, 2015, Constance H Lau (director) sold 8,082 shares at $51.70 per share price, according to the Form-4 filing with the securities and exchange commission.


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