Matson Inc. (MATX) revealed a profit for its fourth quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $128.0 million, or $3.80 per share. This compares with $62.4 million, or $1.78 per share, last year.
Analysts on average had expected the company to earn $3.20 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 12.9% to $890.3 million from $788.9 million last year.
Matson Inc. earnings at a glance (GAAP) :
-Earnings: $128.0 Mln. vs. $62.4 Mln. last year.
-EPS: $3.80 vs. $1.78 last year.
-Revenue: $890.3 Mln vs. $788.9 Mln last year.
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