Matson reported lower first-quarter earnings, primarily as a result of deeper operating expenses in one of its segments.
The New York-listed boxship owner primarily focused on Alaska, Hawaii and mainland US posted a $12.5m profit for the period versus a $14.2m profit a year earlier.
Earnings per share came in at $0.29, down from $0.33 last year but beating analysts' estimates of $0.25.
