HOUSTON (AP) _ Kirby Corp. (KEX) on Friday reported third-quarter net income of $48 million.
On a per-share basis, the Houston-based company said it had net income of 80 cents.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share.
The barge operator posted revenue of $666.8 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $719.7 million.
Kirby expects full-year earnings to be $2.80 to $3 per share.
Kirby shares have climbed 21% since the beginning of the year. The stock has risen 20% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KEX at https://www.zacks.com/ap/KEX
Automated Insights, source Associated Press News