Matson Expects Q3 2024 Ocean Transportation Operating Income To Be Significantly Higher Than $118.2M Last Year; Q4 2024 Operating Income Expected To Be Moderately Higher Than $66.4M In Q4 2023
Portfolio Pulse from Benzinga Newsdesk
Matson expects its Q3 2024 ocean transportation operating income to be significantly higher than $118.2 million from the previous year. Additionally, Q4 2024 operating income is anticipated to be moderately higher than the $66.4 million reported in Q4 2023.
August 01, 2024 | 8:20 pm
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Matson expects a significant increase in Q3 2024 ocean transportation operating income compared to the previous year, and a moderate rise in Q4 2024 operating income.
The significant increase in Q3 2024 operating income and the moderate rise in Q4 2024 operating income indicate strong financial performance and growth prospects for Matson. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
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