Wednesday, Kirby Corp. (KEX) reported third-quarter net income of $35.0 million or $0.65 per share, compared to net income of $41.8 million or $0.77 per share in the same quarter last year.
On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.65 per share for the quarter. Analysts' estimates typically exclude special items.
Consolidated revenues for the quarter were $272.2 million, down from $354.6 million in the comparable quarter last year. Analysts expected the company to report revenue of $281.41 million for the quarter.
Looking ahead to the fourth quarter, the company expects earnings in the range of $0.57 - $0.62 per share. Analysts currently anticipate the company to earn $0.64 per share for the quarter.
For the fiscal year 2009, the company lowered its earnings guidance to a range of $2.37 - $2.42 per share from the prior guidance of $2.40 - $2.50 per share. Analysts currently anticipate the company to earn $2.44 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.