Kirby Corp Bottom Line Rises In Q1

(RTTNews) - Kirby Corp (KEX) revealed a profit for its first quarter that rose from last year.

The company's profit totaled $32.47 million, or $0.54 per share. This compares with $27.48 million, or $0.51 per share, in last year's first quarter.

Analysts had expected the company to earn $0.59 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 50.8% to $741.69 million from $491.71 million last year.

Kirby Corp earnings at a glance:

-Earnings (Q1): $32.47 Mln. vs. $27.48 Mln. last year. -EPS (Q1): $0.54 vs. $0.51 last year. -Analysts Estimate: $0.59 -Revenue (Q1): $741.69 Mln vs. $491.71 Mln last year.