Matthews International Q2 Adj. EPS $0.34 Misses $0.38 Estimate, Sales $427.63M Miss $435.62M Estimate

Matthews International (NASDAQ:MATW) reported quarterly earnings of $0.34 per share which missed the analyst consensus estimate of $0.38 by 10.53 percent. This is a 50.72 percent decrease over earnings of $0.69 per share from the same period last year. The company reported quarterly sales of $427.63 million which missed the analyst consensus estimate of $435.62 million by 1.83 percent. This is a 9.25 percent decrease over sales of $471.22 million the same period last year.