Kirby Corporation Announces 2020 First Quarter Results and Impact of COVID-19 on Business Operations
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Kirby Corp. (KEX) Tops Q1 EPS by 15c, Revenues Beat; Withdraws FY20 Guidance
May 5, 2020 7:22 AM EDTKirby Corp. (NYSE: KEX) reported Q1 EPS of $0.59, $0.15 better than the analyst estimate of $0.44. Revenue for the quarter came in at $643.93 million versus the consensus estimate of $634.02 million.
First quarter 2020 GAAP loss per share of ($4.15), or earnings per share of $0.59 excluding one-time items of ($4.74) per share One-time items include asset impairments in distribution and services of ($5.59) per share, partially offset by a one-time tax benefit of $0.85 per share Barge markets were strong with high utilization rates in the first quarter Distribution and services oil and gas related activity declined... More