Kirby Corp Reports 33% Fall In Q2 Bottom Line

(RTTNews) - Kirby Corp (KEX) revealed earnings for second quarter that decreased from last year.

The company said its earnings declined to $38.94 million, or $0.72 per share. This was lower than $58.07 million, or $1.04 per share, in last year's second quarter.

Analysts had expected the company to earn $0.70 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 18.7% to $441.58 million. This was down from $543.16 million last year.

Kirby Corp earnings at a glance:

-Earnings (Q2): $38.94 Mln. vs. $58.07 Mln. last year. -Earnings Decline (Y-o-Y): -32.9% -EPS (Q2): $0.72 vs. $1.04 last year. -EPS Decline (Y-o-Y): -30.8% -Analysts Estimate: $0.70 -Revenue (Q2): $441.58 Mln vs. $543.16 Mln last year. -Revenue Change (Y-o-Y): -18.7%

-Guidance: Next quarter EPS guidance: $0.50 - $0.65 Full year EPS guidance: $2.40 - $2.70