Matson (NYSE:MATX) reported quarterly earnings of $2.10 per share which beat the analyst consensus estimate of $1.96 by 7.14 percent. This is a 77.64 percent decrease over earnings of $9.39 per share from the same period last year. The company reported quarterly sales of $801.60 million which beat the analyst consensus estimate of $801.22 million by 0.05 percent. This is a 36.73 percent decrease over sales of $1.27 billion the same period last year.
Mohamed El-Erian Says America’s Leadership Eroding, Foresees More Global Disorder If Western-Led Economic Order Fails
"Surprisingly, the primary cause was not the emergence of an alternative order led by China … Instead, it was internal stress that led to more doubts around the world about its effectiveness and legitimacy," he said.
