Shares of Kirby KEX were flat in pre-market trading after the company reported Q2 results.
Earnings per share were down 46.84% year over year to $0.42, which missed the estimate of $0.45.
Revenue of $541,159,000 decreased by 29.81% from the same period last year, which missed the estimate of $589,360,000.
Earnings guidance hasn't been issued by the company for now.
Kirby hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Jul 30, 2020
Time: 08:30 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/bgbqzgn4
52-week high: $92.30
Company's 52-week low was at $32.76
Price action over last quarter: down 4.45%
In its legacy marine transportation segment (46% of first-half 2018 sales), Kirby operates the largest fleet of tank barges on the U.S. inland waterway system. Since its incorporation in 1969, the firm's marine division has built a market- leading position by successfully rolling up smaller tank-barge fleets. Kirby also runs a large diesel-engine and oilfield-equipment services operation (54% of sales), that primarily serves the oil and gas industry, but also commercial and industrial customers.
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