Kirby Q3 Adj EPS $1.05 Beats $1.02 Estimate, Sales $746.77M Miss $792.47M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kirby Corporation (NYSE:KEX) reported Q3 adjusted earnings of $1.05 per share, beating the analyst consensus estimate of $1.02 by 2.94%. This is a 61.54% increase from the same period last year. However, the company's quarterly sales of $746.77 million missed the analyst consensus estimate of $792.47 million by 5.77%, marking a slight increase of 0.12% from the same period last year.
October 26, 2023 | 11:03 am
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NEUTRAL IMPACT
Kirby's Q3 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Kirby's earnings beat could boost investor confidence and potentially drive the stock price up. However, the sales miss could offset this positive sentiment, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100