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Matthews International: Fiscal 2Q Earnings Snapshot

PITTSBURGH (AP) _ Matthews International Corp. (MATW) on Thursday reported fiscal second-quarter earnings of $15.4 million.

On a per-share basis, the Pittsburgh-based company said it had net income of 48 cents. Earnings, adjusted for amortization costs and non-recurring costs, were 90 cents per share.

The casket and memorial manufacturer posted revenue of $391.4 million in the period.

Matthews International expects full-year earnings in the range of $3.60 to $3.75 per share.

Matthews International shares have fallen roughly 8% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $37.49, a decrease of 25% 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