Kirby Corp. (KEX) Wednesday reported first-quarter net earnings of $56.6 million or $1.00 per share, up from $50.9 million or $0.91 per share last year.
Consolidated revenues for the quarter grew to $558.8 million from $566.9 million last year.
Analysts polled by Thomson Reuters estimated earnings of $0.90 per share on revenues of $529.71 million for the quarter. Analysts' estimates typically exclude special items.
Looking forward to the second quarter, the company expects earnings of $1.00 to $1.10 per share. Analysts currently estimate earnings of $1.05 per share for the quarter.
For the full year 2013, the company raised its earnings outlook to $4.10 to $4.30. Previously, the company expected earnings of $4.00 to $4.20 per share. Analysts currently estimate earnings of $4.19 per share for the year.
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