Kirby Corp Bottom Line Retreats 36% In Q4

(RTTNews) - Kirby Corp (KEX) announced earnings for fourth quarter that fell compared to the same period last year.

The company said its bottom line dropped to $32.36 million, or $0.60 per share. This was down from $50.69 million, or $0.94 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.52 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 10.0% to $435.65 million. This was down from $484.14 million last year.

Kirby Corp earnings at a glance:

-Earnings (Q4): $32.36 Mln. vs. $50.69 Mln. last year. -Earnings Decline (Y-o-Y): -36.2% -EPS (Q4): $0.60 vs. $0.94 last year. -EPS Decline (Y-o-Y): -36.2% -Analysts Estimate: $0.52 -Revenue (Q4): $435.65 Mln vs. $484.14 Mln last year. -Revenue Change (Y-o-Y): -10.0%

-Guidance: Next quarter EPS guidance: $0.40 - $0.55