Matson (NYSE:MATX) Releases Earnings Results, Beats Expectations By $0.69 EPS

Matson (NYSE:MATX) Releases Earnings Results, Beats Expectations By $0.69 EPS

Matson (NYSE:MATX - Get Free Report) announced its quarterly earnings results on Wednesday. The shipping company reported $6.96 earnings per share for the quarter, topping analysts' consensus estimates of $6.27 by $0.69. Matson had a return on equity of 16.94% and a net margin of 13.41%. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.07 billion. During the same quarter in the previous year, …