Houston-based Kirby Corp reported second-quarter earnings of $38.9m, which equates to a profit of $0.72 per share.

The company posted revenue of $441.6 million in the period.

The figures are down significantly from its performance during the second quarter of its 2015 finacial year when it posted earnings of $58.1m, or $1.04 per share, on revenues of $543.2m.

David Grzebinski, Kirby’s president and chief executive officer, the second quarter results were largely in-line with the company’s expectations.

“In