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Matson: 4Q Earnings Snapshot

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HONOLULU (AP) _ Matson Inc. (MATX) on Tuesday reported fourth-quarter earnings of $85.6 million.

The Honolulu-based company said it had profit of $1.96 per share.

The ocean transportation and logistics services company posted revenue of $700.1 million in the period.

For the year, the company reported profit of $193.1 million, or $4.44 per share. Revenue was reported as $2.38 billion.

Matson shares have increased 29% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $73.47, an increase of 98% 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