Clean Harbors Slips To Loss In Q3 - Quick Facts

(RTTNews) - Clean Harbors Inc. (CLH) posted third-quarter net loss of $93.3 million, or $1.55 per share, compared with net income of $35.4 million, or $0.58 per share, in the same period of 2013. Latest quarter's net loss includes the $123.4 million non-cash, pre-tax impairment charge, as well as $1.8 million of pre-tax integration and severance costs. Third-quarter 2013 net income included pre-tax integration and severance costs of $2.7 million.

Excluding the impairment charge, the firm reported adjusted net income for the third quarter of 2014 of $27.4 million, or $0.45 per share. On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.63 for the quarter. Analysts' estimates typically exclude special items.

Revenues for the third quarter were $851.5 million, down compared with $907.5 million in the same period of 2013. Analysts expected revenue of $899.56 million for the quarter.