Matson: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Matson (NYSE:MATX) reported Q4 earnings with an EPS of $1.78, beating estimates by 17.88% but with a revenue decrease of $12.70 million from the previous year. Despite beating EPS estimates in past quarters, such performance has previously led to a share price drop the following day.
February 20, 2024 | 9:10 pm
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Matson reported a Q4 EPS of $1.78, surpassing estimates by 17.88%, but saw a revenue decline from the previous year. Historical data shows past earnings beats were followed by share price drops.
Matson's Q4 earnings beat expectations, which could initially seem positive. However, the revenue decline and historical context of share price drops following earnings beats suggest a potential short-term negative impact on the stock price.
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