Matson reported a fourth-quarter profit that was lower than a year earlier but that beat analyst expectations.

The Hawaii containership operator also said it expects volume declines this year as its Alaska market faces economic headwinds.

The New York-listed company reported net income of $26.6m in quarterly net income, a 4.3% decline from the same period of 2014.

But without the costs of its takeover of rival Horizon Lines, adjusted earnings per share amounted to $0.68,