Matsons (MATX) Tops Q4 EPS by 5c, Comments on FY15 Outlook

Matsons (NYSE: MATX) reported Q4 EPS of $0.63, $0.05 better than the analyst estimate of $0.58. Revenue for the quarter came in at $443.5 million versus the consensus estimate of $450.27 million.

For the full year 2015, Ocean Transportation operating income is expected to be modestly higher than 2014. The Company expects operating income for the first quarter 2015 to approach levels achieved in the fourth quarter 2014 due to higher freight rates in the China trade, the timing of fuel surcharge collections, and modest volume growth in our core trade lanes.

For earnings history and earnings-related data on Matsons (MATX) click here.

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