Kirby Q2 EPS $0.95 Beats $0.85 Estimate, Sales $777.25M Miss $780.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kirby Corporation (NYSE:KEX) reported Q2 earnings of $0.95 per share, beating the analyst consensus estimate of $0.85 by 11.76%. This is a 93.88% increase from the same period last year. However, the company's quarterly sales of $777.25 million missed the analyst consensus estimate of $780.19 million by 0.38%. This is an 11.36% increase from the same period last year.
July 27, 2023 | 11:05 am
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Kirby Corporation's Q2 earnings beat estimates but sales missed. Earnings per share were $0.95, up 93.88% YoY, while sales were $777.25M, missing estimates by 0.38%.
Kirby Corporation's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. These two factors could offset each other, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100