Matson (MATX) Tops Q1 EPS by 1c

Matson (NYSE: MATX) reported Q1 EPS of $0.16, $0.01 better than the analyst estimate of $0.15. Revenue for the quarter came in at $474.4 million versus the consensus estimate of $434.39 million.

Gudance:

CEO, Chairman Matt Cox comments "For the balance of 2017, we continue to expect modest improvement in each of our core tradelanes with the exception of Guam where we expect further competitive losses due to the launch of a competitor\'s weekly service in December 2016. As a result, we are affirming our 2017 outlook for operating income and EBITDA. We continue to expect operating income to be lower than it was in 2016 and EBITDA to approximate the level achieved in 2016."

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

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