Kirby Corp Announces 26% Fall In Q3 Profit

(RTTNews) - Kirby Corp (KEX) reported a profit for third quarter that fell from last year.

The company said its profit fell to $56.84 million, or $1.04 per share. This was down from $76.72 million, or $1.34 per share, in last year's third quarter.

Analysts had expected the company to earn $1.03 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 21.8% to $532.57 million. This was down from $680.72 million last year.

Kirby Corp earnings at a glance:

-Earnings (Q3): $56.84 Mln. vs. $76.72 Mln. last year. -Earnings Decline (Y-o-Y): -25.9% -EPS (Q3): $1.04 vs. $1.34 last year. -EPS Decline (Y-o-Y): -22.4% -Analysts Estimate: $1.03 -Revenue (Q3): $532.57 Mln vs. $680.72 Mln last year. -Revenue Change (Y-o-Y): -21.8%

-Guidance: Next quarter EPS guidance: $0.93 - $1.03 Full year EPS guidance: $4.10 - $4.20