Matson Inc (MATX) News & EventsMATXMatson Inc

Matson Reports Q2 Revenue of $969.4M

Reports Q2 revenue $969.4M vs. $830.5M last year. CEO Matt Cox commented, "Matson had a strong Q2 with momentum in our China service carrying over from the post-Lunar New Year period...Looking ahead, we expect our China service to be at or near capacity through peak season. For Q4, we expect demand to reflect a more traditional seasonality pattern compared to the elevated period of freight demand experienced in the Transpacific market in the fourth quarter 2025 following the U.S.-China trade and economic agreement announced on October 30, 2025. To date, the Iran conflict has not impacted the company's operating performance or service levels; however, it has impacted fuel prices in all of the company's markets. We continue to expect to fully recover our fuel costs by the end of the year. As a result, we expect Ocean Transportation operating income in Q3 2026 to be approximately 45% higher than the level achieved in the year ago period...For full year 2026, we expect consolidated operating income to be higher than the level achieved in full year 2025 based on our expectations of continued solid U.S. consumer demand and a stable trading environment in the Transpacific tradelane."

Matson Sees Q3 Operating Income 45% Higher Year-over-Year

Matson sees Q3 operating income 45% higher year-over-year

Apple Stock Hits Record High Above $325

Rapid momentum shifts in the Tech ecosystem continued to dominate headlines on Wednesday, with broad-based selling in the semiconductor, chip equipment, and memory names being offset by renewed strength among the hyperscalers.  Six of the seven MAG-7 names were up and five of them gained 3% or better.  Applewas the standout as it hit record highs above $325 per share, though MetaMETA) was also notable as the stock's 3% jump drove shares to their highest levels since early the company sold off sharply after earnings in April.  Nvidia (NVDA) was only marginally higher while Teslaended the day in the red.  Utilities was the worst performing sector in the S&P 500, while Communication Services - dominated by Alphabet- was the best sector.In the opening hour of the evening session, equity indices are flat.  In commodities, WTI Crude Oil advance has slowed, but the contract has still topped the $80 per barrel level with no signs of easing tensions in the standoff between U.S. and Iran.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -J.B. Hunt Transport Servicesup 7.7%Home BancSharesup 2.4%DOWN AFTER EARNINGS -Frequency Electronicsdown 5.8%Great Southern Bancorpdown 3.8%United Airlinesdown 2.5%ALSO LOWER -AST SpaceMobiledown 13.0% after convertible note offeringAccendra Healthdown 3.4% after mixed shelf offeringStereotaxisdown 2.5% after equity offeringMatsondown 0.8% after Q2 pre-announcement