Kirby Corp Q3 Earnings Fall 11%

(RTTNews) - Kirby Corp (KEX) released a profit for third quarter that dropped from last year.

The company said its earnings dropped to $28.61 million, or $0.52 per share. This was lower than $32.01 million, or $0.59 per share, in last year's third quarter.

Analysts had expected the company to earn $0.45 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 24.5% to $541.27 million. This was up from $434.71 million last year.

Kirby Corp earnings at a glance:

-Earnings (Q3): $28.61 Mln. vs. $32.01 Mln. last year. -Earnings Decline (Y-o-Y): -10.6% -EPS (Q3): $0.52 vs. $0.59 last year. -EPS Decline (Y-o-Y): -11.9% -Analysts Estimate: $0.45 -Revenue (Q3): $541.27 Mln vs. $434.71 Mln last year. -Revenue Change (Y-o-Y): 24.5%

-Guidance: Next quarter EPS guidance: $0.40 to $0.55 Full year EPS guidance: $1.90 to $2.05