Kirby Corp Announces 26% Retreat In Q4 Profit

(RTTNews) - Kirby Corp (KEX) reported a profit for fourth quarter that declined compared to the same period last year.

The company said its profit came in at $50.69 million, or $0.94 per share. This was down from $68.05 million, or $1.19 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.97 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 27.6% to $484.14 million. This was down from $668.30 million last year.

Kirby Corp earnings at a glance:

-Earnings (Q4): $50.69 Mln. vs. $68.05 Mln. last year. -Earnings Decline (Y-o-Y): -25.5% -EPS (Q4): $0.94 vs. $1.19 last year. -EPS Decline (Y-o-Y): -21.0% -Analysts Estimate: $0.97 -Revenue (Q4): $484.14 Mln vs. $668.30 Mln last year. -Revenue Change (Y-o-Y): -27.6%

-Guidance: Next quarter EPS guidance: $0.75 - $0.85 Full year EPS guidance: $3.00 - $3.50