Matson is forecasting at least a fivefold increase in profit for the fourth quarter of 2020, amid a boost in volumes on its high-speed CLX boxship service between the US and China.
On Monday, it forecast a fourth-quarter profit of between $76.1m and $81.6m, thanks mostly to a 139% year-over-year jump in volumes for its CLX and CLX+ services.
Those figures, which would result in earnings per share between $1.74
