Matson Q1 EPS $1.04, Inline, Sales $722.10M Miss $730.44M Estimate
Portfolio Pulse from Benzinga Newsdesk
Matson (NYSE:MATX) reported Q1 earnings of $1.04 per share, meeting analyst estimates and marking a 10.64% increase from last year. However, their quarterly sales of $722.10M fell short of the expected $730.44M, a slight miss by 1.14% but still a 2.45% increase from the previous year.
April 30, 2024 | 8:05 pm
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Matson reported Q1 EPS of $1.04, aligning with estimates and showing a 10.64% YOY increase. Sales of $722.10M missed estimates by 1.14% but grew 2.45% YOY.
While Matson met EPS estimates and showed growth from the previous year, the slight miss in sales forecasts could temper investor enthusiasm. The mixed results—meeting EPS estimates but missing on sales—suggest a neutral short-term impact on the stock price, as the positive earnings growth may offset concerns about the sales miss.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100