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Stock Market & Financial Investment News

News Breaks
July 31, 2014
16:16 EDTMATXMatson reports Q2 EPS 42c, consensus 43c
Reports Q2 revenue $436.4M, consensus $425.62M.
News For MATX From The Last 14 Days
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May 4, 2015
16:09 EDTMATXMatson sees Ocean Transportation income up moderately in 2015
Matson said, "The Company expects to close the pending transaction with Horizon Lines, Inc. by the end of the second quarter...The Company believes that the Hawaii economy is in a multi-year recovery and is anticipating modest market growth in the trade in 2015. However, containership capacity is projected to increase in the second quarter of 2015 as a competitor has announced plans to launch an additional new vessel into the trade in May. As a result, the Company expects its 2015 Hawaii container volume to approximate the 2014 level....Notwithstanding the productivity challenges resulting from the port congestion on the U.S. West Coast, the Company expects modest profit at the Company's terminal joint venture, SSAT, for 2015. For the full year 2015, Ocean Transportation operating income is expected to be moderately higher than 2014."
16:07 EDTMATXMatson reports Q1 EPS 57c, consensus 55c
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