Kirby Corporation Announces 2018 Second Quarter Results
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Kirby Corp. (KEX) Reports Q2 EPS of $0.48, Beats on Revenues; Offers FY18 EPS Outlook Below Consensus
July 25, 2018 5:03 PM EDTKirby Corp. (NYSE: KEX) reported Q2 EPS of $0.48, versus $0.71 reported last year. Revenue for the quarter came in at $802.7 million versus the consensus estimate of $761.7 million.
Outlook
Commenting on the 2018 third quarter and full year market outlook and guidance, Mr. Grzebinski said, "Our earnings guidance range for the third quarter is $0.50 to $0.70 per share which is down sequentially primarily due to vendor delays and timing of revenue recognition in distribution and services, but partially offset by continued improvement in inland marine transportation. For the full year, we expect our GAAP earnings range to be... More
