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Kirby Corp. (KEX) Climbed To A New High On Strong Q4 Earnings

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Kirby Corp. (KEX: Quote) reported fourth quarter net income of $1.03 per share after the close Wednesday, compared to $1.00 per share last year. The consensus estimate was for EPS of $0.86. The company expects to report first quarter EPS of $0.82 to $0.92 and between $4.00 and $4.20 for the full year. The consensus estimates are for EPS of $0.96 and $4.13.

Kirby gapped open higher Thursday and rose sharply in the first half hour of trade. The stock was range-bound for the remainder of the day and closed up by 4.16 at $70.65 on above average volume. Kirby has been on an upward trend since mid-December and set a new high for the year.

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by RTT Staff Writer

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