Published on 29 Jun 2022 on Zacks via Yahoo Finance
Higher Segmental Revenues Up Kirby (KEX) Despite Low Liquidity
Kirby Corporation KEX currently benefits from increased demand at the distribution and services segment. However, a weak balance sheet is worrisome.
Kirby Corporation reported first-quarter 2022 earnings of 29 cents per share, meeting the Zacks Consensus Estimate. In the year-ago period, KEX had incurred a loss of 6 cents per share. Total revenues of $611 million outperformed the Zacks Consensus Estimate of $583 million and also improved approximately 23% year over year.
How is Kirby Faring?