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Kirby Corporation reported a fourth-quarter 2018 net loss of $24.4 million, which included a $1.16 per share impairment on older coastal vessels. It also agreed to buy the marine transportation fleet of Cenac Marine Services for about $244 million and gave 2019 earnings guidance of $3.25 to $3.75 per share.
This is a corporate earnings and fleet transaction for a major US inland tank and barge operator. It has little direct effect on feed commodity supply or prices.
einpresswire.comJan 31, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
