Kirby: 3Q Earnings Snapshot

Kirby: 3Q Earnings Snapshot

Associated Press
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HOUSTON (AP) _ Kirby Corp. (KEX) on Thursday reported third-quarter profit of $41.8 million.

The Houston-based company said it had profit of 70 cents per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.

The barge operator posted revenue of $704.8 million in the period, which did not meet Street forecasts. Four analysts surveyed by Zacks expected $780.2 million.

Kirby expects full-year earnings to be $2.27 to $2.47 per share.

Kirby shares have climbed almost 5 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $69.89, a climb of slightly more than 3 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KEX at https://www.zacks.com/ap/KEX

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