HOUSTON (AP) _ Kirby Corp. (KEX) on Thursday reported second-quarter profit of $28.5 million.
The Houston-based company said it had net income of 47 cents per share. Earnings, adjusted for severance costs, came to 49 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
The barge operator posted revenue of $698 million in the period.
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