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Matthews International: Fiscal 1Q Earnings Snapshot

PITTSBURGH (AP) _ Matthews International Corp. (MATW) on Thursday reported fiscal first-quarter net income of $3.1 million.

The Pittsburgh-based company said it had net income of 10 cents per share. Earnings, adjusted for one-time gains and costs, came to 50 cents per share.

The casket and memorial manufacturer posted revenue of $374.2 million in the period.

Matthews International shares have increased 9.5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $44.49, a decline of 21 percent in the last 12 months.


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