Matson (MATX) Reports In-Line Q4 EPS

Matson (NYSE: MATX) reported Q4 EPS of $0.36, in-line with the analyst estimate of $0.36. Revenue for the quarter came in at $540.7 million versus the consensus estimate of $540.72 million.

Outlook:

2020 Net Income is expected to be flat with the 2019 level; expect negative COVID-19 impact
Reaffirm $30 million in financial benefits in 2020 from new vessels and infrastructure investments

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

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