Advanced Disposal Services: 2Q Earnings Snapshot
PONTE VEDRA, Fla. (AP) _ Advanced Disposal Services Inc. (ADSW) on Wednesday reported second-quarter net income of $9.7 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Ponte Vedra, Florida-based company said it had net income of 11 cents. Earnings, adjusted for one-time gains and costs, were 19 cents per share.
The results matched Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 19 cents per share.
The solid waste services provider posted revenue of $398.1 million in the period, surpassing Street forecasts. Three analysts surveyed by Zacks expected $389.2 million.
Advanced Disposal Services expects full-year revenue in the range of $1.52 billion to $1.54 billion.
Advanced Disposal Services shares have increased slightly more than 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.48, an increase of 0.5 percent in the last 12 months.