Kirby Corp Profit Climbs In Q3, Beats estimates

(RTTNews) - Kirby Corp (KEX) revealed earnings for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $62.96 million, or $1.05 per share. This compares with $39.09 million, or $0.65 per share, in last year's third quarter.

Analysts on average had expected the company to earn $1.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.5% to $764.77 million from $745.84 million last year.

Kirby Corp earnings at a glance (GAAP) :

-Earnings (Q3): $62.96 Mln. vs. $39.09 Mln. last year. -EPS (Q3): $1.05 vs. $0.65 last year. -Analyst Estimate: $1.02 -Revenue (Q3): $764.77 Mln vs. $745.84 Mln last year.