AP NEWS
Click to copy
Click to copy

Clean Harbors: 2Q Earnings Snapshot

July 31, 2019

NORWELL, Mass. (AP) _ Clean Harbors Inc. (CLH) on Wednesday reported second-quarter net income of $36.2 million.

On a per-share basis, the Norwell, Massachusetts-based company said it had profit of 65 cents. Earnings, adjusted for non-recurring costs, came to 66 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.

The environmental services company posted revenue of $868.7 million in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $875.5 million.

Clean Harbors shares have risen 48% since the beginning of the year. The stock has increased 30% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CLH at https://www.zacks.com/ap/CLH

All contents © copyright 2019 The Associated Press. All rights reserved.