Tags: clean harbors | earns

Clean Harbors Shares Rise as Earnings Beat Estimates

Wednesday, 22 February 2012 05:09 PM EST

Shares of Clean Harbors Inc., a provider of waste-management services, rose Wednesday after the company reported earnings that exceeded analysts’ estimates.

Clean Harbors increased 5.9 percent to $69.44 at the close in New York, the biggest gain since November. The company, based in Norwell, Massachusetts, reported fourth-quarter earnings of 72 cents a share, beating the average estimate of 49 cents of seven analysts compiled by Bloomberg.

The company had revenue of $545.9 million, compared with $417.1 million a year earlier. Analysts had estimated revenue of $506.8 million. Annual sales increased to $1.98 billion from $1.73 billion in 2010.

“Our growth was driven by a combination of our 2011 acquisitions and double-digit organic growth in the quarter,” Chief Executive Officer Alan McKim said in a company statement.

© Copyright 2026 Bloomberg News. All rights reserved.


126
2012-09-22
Wednesday, 22 February 2012 05:09 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved