Matson Q4 2023 GAAP EPS $1.78 Beats $1.30 Estimate, Sales $788.90M Beat $733.60M Estimate
Portfolio Pulse from Benzinga Newsdesk
Matson (NYSE:MATX) reported Q4 2023 earnings of $1.78 per share, surpassing the $1.30 estimate by 36.92%. Quarterly sales reached $788.90M, exceeding the $733.60M estimate by 7.54%, yet marking a 1.58% decrease from the previous year.
February 20, 2024 | 9:11 pm
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Matson reported Q4 2023 earnings of $1.78 per share, beating estimates by 36.92%, with sales of $788.90M, also above expectations.
Matson's significant beat on both earnings per share and sales estimates for Q4 2023 suggests a strong financial performance, likely leading to positive investor sentiment and a potential short-term increase in stock price.
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