Kirby Corp. (KEX) Tops Q2 EPS by 2c; Trims FY16 EPS Outlook
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Kirby Corporation Announces 2016 Second Quarter Results
July 27, 2016 5:00 PM EDTHOUSTON, July 27, 2016 /PRNewswire/ -- Kirby Corporation ("Kirby") (NYSE: KEX) today announced net earnings attributable to Kirby for the second quarter ended June 30, 2016 of $38.9 million, or $0.72 per share, compared with $58.1 million, or $1.04 per share, for the 2015 second quarter. Consolidated revenues for the 2016 second quarter were $441.6 million compared with $543.2 million reported for the 2015 second quarter.
David Grzebinski, Kirby's President and Chief Executive Officer, commented, "Our results for the second quarter were largely in-line with our expectations. In our inland marine transportation market, we benefitted from barges acquired in mid-April, as well as... More
