Traders Recap: E I Du Pont De Nemours And Co (NYSE:DD), Matson, Inc. (NYSE:MATX)

On Tuesday, Shares of E I Du Pont De Nemours And Co (NYSE:DD), subtract -0.36% and closed at $69.26 in the last trading session. The last trading range of the stock ranges between $69.11 and $69.71. E. I. du Pont de Nemours and Company operates as a science and technology based company. The company’s Agriculture segment offers corn hybrid, soybean, canola, sunflower, sorghum, inoculants, wheat, rice, seed products, herbicides, fungicides, and insecticides, in addition to offers crop protection products, such as weed control, disease control, and insect control products. Its Electronics & Communications segment provides various materials and systems, counting photopolymers and electronic materials for photovoltaic, consumer electronics, displays, and advanced printing. The company’s Industrial Biosciences segment develops and manufactures a portfolio of enzymes and bio-based materials. Its Nutrition & Health segment offers cultures, probiotics, texturants, emulsifiers, natural sweeteners, and soy-based food ingredients for the food industry market. The company’s Performance Materials segment offers elastomers and thermoplastic, and thermoset engineering polymers; resins and films for packaging and industrial polymer applications, sealants and adhesives, and sporting goods; and elastomers, parts, and systems and solutions for automotive and transportation, packaging for food and beverages, electrical/electronic components, material handling, healthcare, construction, semiconductor, and aerospace markets.

Matson, Inc. (NYSE:MATX), dropped -15.85% and closed at $34.89 in the last trading session. The last trading range of the stock ranges between $28.79 and $35.28. The company’s Market capitalization is $1.79 Billion with the total Outstanding Shares of 42.96 million. Matson, Inc. (“Matson” or the “Company”) (MATX), a leading U.S. carrier in the Pacific, recently stated net income of $25.0 million, or $0.58 per diluted share for the quarter ended September 30, 2016.  Net income for the quarter ended September 30, 2015 was $41.5 million, or $0.94 per diluted share.  The Company’s third quarter 2015 results were negatively influenced by $10.0 million of additional selling, general and administrative expenses related to the Company’s acquisition of Horizon Lines, Inc. (the “Horizon Acquisition”) in excess of the Company’s incremental run-rate target, which reduced earnings per diluted share by $0.14.  Merged revenue for the third quarter 2016 was $500.4 million contrast with $544.3 million stated for the third quarter 2015.

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