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Matson Inc. performed better in the first quarter than it projected two weeks ago but still saw its earnings plunge 90% primarily due to lower average freight rates and volume from its China operations.
Matson (NYSE:MATX – Get Rating) announced its quarterly earnings data on Thursday. The shipping company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05, Briefing.com reports. The firm had revenue of $704.80 million for the quarter, compared to the consensus estimate of $704.34 million. Matson had a […]
Matson (NYSE:MATX – Get Rating) issued its quarterly earnings data on Thursday. The shipping company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.05, Briefing.com reports. The firm had revenue of $704.80 million during the quarter, compared to the consensus estimate of $704.34 million. Matson had a return on equity […]
Matson, Inc. (NYSE:MATX – Get Rating) CEO Matthew J. Cox sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $65.96, for a total transaction of $659,600.00. Following the completion of the sale, the chief executive officer now owns 261,267 […]
Matson, Inc. (NYSE:MATX – Get Rating) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,130,000 shares, a decrease of 8.1% from the March 31st total of 1,230,000 shares. Approximately 3.2% of the shares of the company are sold short. […]