Matthews International (MATW) Reports Q1 Loss, Misses Revenue Estimates

Matthews International (MATW) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of $0.05. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -522.22%. A quarter ago, it was expected that this global provider of industrial technologies, memorialization products and brand solutions would post earnings of $0.22 per share when it actually produced earnings of $0.5 ...