Matson (MATX) Beats Q2 Earnings Estimates

Matson (MATX) came out with quarterly earnings of $3.31 per share, beating the Zacks Consensus Estimate of$ 3.05 per share. This compares to earnings of $2.26 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 8.52%. A quarter ago, it was expected that this ocean transportation and logistics services company would post earnings of$ 0.99 per share when it actually produced earnings of $1.04, delivering a surprise of 5.05%. Over th ...