Matson (MATX) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $0.42 EPS for the quarter. Analysts had a consensus estimate of $0.42. The company posted revenue of $467.70 million in the period, compared to analysts expectations of $494.83 million. The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS.
Matson opened for trading at $36.25 and hit $37.53 on the upside on Friday, eventually ending the session at $37.37, with a gain of 2.47% or 0.9 points. The heightened volatility saw the trading volume jump to 3,12,804 shares. Company has a market cap of $1,617 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.