HOUSTON (AP) _ Kirby Corp. (KEX) on Tuesday reported fourth-quarter profit of $37.3 million.

The Houston-based company said it had profit of 62 cents per share. Earnings, adjusted for severance costs and non-recurring costs, were 67 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.

The barge operator posted revenue of $730.2 million in the period.

For the year, the company reported net income of $122.3 million, or $2.03 per share, swinging to a profit in the period. Revenue was reported as $2.78 billion.

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