Matson reported a 34% rise in net income for the third-quarter thanks to its expedited China service and terminals business while its core Hawaiian market saw lower volumes.
The New York-listed company reported net income of $34.1m, which translated to earnngs per share of $0.79. The consensus estimate was for earnings per share of $0.62 for the quarter. Revenue was up 8% to $543.9m.
