Comment on Kirby's earnings drop amid tough oil and gas market

Kirby's earnings drop amid tough oil and gas market

Kirby Corp.'s net earnings dropped by more than a third in the first quarter from the same period a year earlier, as difficulties in the oil and gas market continued to take a toll on its business transporting petrochemicals and providing equipment for the industry, the Houston company said Thursday. The company's business in repairing and selling diesel engines used for pumping oil and gas has dropped off during the downturn, with an $800,000 operating loss in diesel engine services in the first quarter.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News