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Matthews International posts 2Q profit

PITTSBURGH (AP) _ Matthews International Corp. (MATW) on Thursday reported fiscal second-quarter earnings of $14.9 million.

The Pittsburgh-based company said it had profit of 46 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and amortization costs, were 84 cents per share.

The casket and memorial manufacturer posted revenue of $380.9 million in the period.

Matthews International shares have fallen almost 6 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $72.40, a climb of 41 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


Keywords: Matthews International, Earnings Report