Kirby Corporation Announces 2019 Second Quarter Results
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Kirby Corp. (KEX) Reports In-Line Q2 EPS; Lowers FY19 EPS Guidance Below Consensus
July 25, 2019 7:16 AM EDTKirby Corp. (NYSE: KEX) reported Q2 EPS of $0.79, in-line with the analyst estimate of $0.79. Revenue for the quarter came in at $771.04 million versus the consensus estimate of $771.86 million.
2019 second quarter earnings per share of $0.79 Significant improvement in marine transportation marketsDistribution and services negatively impacted by weakening in oilfield related activity2019 full year earnings per share guidance lowered to $2.80 to $3.20David Grzebinski, Kirbys President and Chief Executive Officer, commented, During the second quarter, our marine transportation business significantly improved its profitability despite challenging inland operating conditions. In distribution... More
