Clean Harbors, Inc. Reports 80% Fall In Q2 Profit

(RTTNews) - Clean Harbors, Inc. (CLH) reported earnings for second quarter that declined from last year.

The company said its earnings fell to $8.42 million, or $0.15 per share. This was down from $42.39 million, or $0.72 per share, in last year's second quarter.

Analysts had expected the company to earn $0.23 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 25.5% to $697.51 million. This was down from $936.23 million last year.

Clean Harbors, Inc. earnings at a glance:

-Earnings (Q2): $8.42 Mln. vs. $42.39 Mln. last year. -Earnings Decline (Y-o-Y): -80.1% -EPS (Q2): $0.15 vs. $0.72 last year. -EPS Decline (Y-o-Y): -79.2% -Analysts Estimate: $0.23 -Revenue (Q2): $697.51 Mln vs. $936.23 Mln last year. -Revenue Change (Y-o-Y): -25.5%