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Matson: 1Q Earnings Snapshot

HONOLULU (AP) _ Matson Inc. (MATX) on Wednesday reported first-quarter net income of $12.5 million.

The Honolulu-based company said it had profit of 29 cents per share.

The ocean transportation and logistics services company posted revenue of $532.4 million in the period.

Matson shares have increased 19% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $38.13, a rise of 17% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MATX at https://www.zacks.com/ap/MATX