Matson Q3 EPS $3.40 Beats $3.08 Estimate, Sales $827.50M Beat $794.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
Matson (NYSE:MATX) reported Q3 earnings of $3.40 per share, beating the analyst consensus estimate of $3.08 by 10.39%. However, this is a 50.65% decrease from the same period last year. The company also reported quarterly sales of $827.50 million, beating the analyst consensus estimate of $794.45 million by 4.16%, but this is a 25.77% decrease from the same period last year.
October 30, 2023 | 8:21 pm
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Matson's Q3 earnings and sales beat estimates but are significantly lower than the same period last year. This mixed result could lead to uncertainty in the market.
While Matson beat the analyst consensus estimates for both earnings per share and sales, the significant decrease from the same period last year could lead to uncertainty among investors. This could potentially impact the stock price in the short term.
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RELEVANCE 100