Matson reported a drop in third-quarter profit that deeper than analysts expected, though chief executive Matt Cox made it clear he was hoping for a better result.
The Hawaii containership and conro owner delivered a third-quarter profit of $25m, which was 39.8% lower than the same period of last year.
Without a $10m charge related to the company's takeover of rival Horizon Lines, the company's adjusted earnings per share amounted to $0.72.
Stifel
