Matson, Inc. Announces First Quarter 2019 Results; Raises Full Year 2019 Operating Income Outlook
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Matson (MATX) Tops Q1 EPS by 4c, Revenues Beat; Provides FY19 Operating Outlook
May 8, 2019 4:22 PM EDTMatson (NYSE: MATX) reported Q1 EPS of $0.29, $0.04 better than the analyst estimate of $0.25. Revenue for the quarter came in at $532.4 million versus the consensus estimate of $487.55 million.
Matt Cox, Matson's Chairman and Chief Executive Officer, commented, "We are off to a solid start for the year with Ocean Transportation operating income coming in as expected with a number of positive and negative factors, and Logistics posting stronger-than-expected operating income. Within Ocean Transportation, we saw continued strong demand in our China service and steady performance in SSAT, but we also faced significant weather-related issues... More
