Advanced Disposal Services: 2Q Earnings Snapshot
PONTE VEDRA, Fla. (AP) _ Advanced Disposal Services Inc. (ADSW) on Tuesday reported a second-quarter loss of $1 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Ponte Vedra, Florida-based company said it had a loss of 1 cent. Earnings, adjusted for one-time gains and costs, were 10 cents per share.
The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share.
The solid waste services provider posted revenue of $419.1 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $412.5 million.
Advanced Disposal Services shares have risen 36% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $32.55, a rise of 33% in the last 12 months.