Matson's Stock Surges on Q3 Beat
Update: 2025-11-05
Description
Matson's Q3 Earnings Surge: Investors Cheer Despite Year-Over-Year Decline - Shares of Matson soared by nearly 8% after reporting Q3 earnings of $4.24 per share, beating analysts' predictions of $3.25. Revenue also exceeded expectations at $880.1 million, though it was down 8.5% year-over-year. Despite the decline, investors focused on the strong quarterly performance, sending shares up despite broader projections of continued declines.
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