Matson Q2 EPS $2.26, Inline, Sales $773.40M Miss $774.89M Estimate
Portfolio Pulse from Benzinga Newsdesk
Matson (NYSE:MATX) reported Q2 earnings of $2.26 per share, in line with analyst consensus. However, the company's quarterly sales of $773.40 million missed the estimate of $774.89 million by 0.19%. This represents a 76.19% decrease in earnings and a 38.67% decrease in sales compared to the same period last year.
August 04, 2023 | 10:18 am
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Matson's Q2 earnings met expectations but sales missed estimates. This could potentially impact investor sentiment and the company's stock price.
Matson's earnings were in line with expectations, which is generally positive. However, the company missed sales estimates, which could negatively impact investor sentiment. Additionally, the significant YoY decreases in both earnings and sales could further dampen investor sentiment, potentially leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100