Allied Waste Industries' 3Q earnings cont ops $66.9M |
|
|
|
Published
:
Wed, 31 Oct 2007 21:20
|
NEW YORK (Thomson Financial) - Allied Waste Industries Inc. Wednesday reported third-quarter earnings from continuing operations of $66.9 million, or 15 cents a share. These results include a loss of $39 million, or 7 cents a share, related to divestitures and asset impairments, as well as debt refinancing costs of 2 cents a share.Exclusive of all these items, the company earned 24 cents a share in the latest quarter.Revenue rose 2% in the latest three months to $1.56 billion from $1.53 billion in the same period last year.The mean estimate of analysts polled by Thomson Financial was for a profit of 22 cents a share in the period on revenue of $1.6 billion.The Phoenix-based provider of waste services attributed the revenue increase from last year's level to an increase in prices but said the impact of the higher pricing was partially offset by a 3.7% decline in same-store volume because of a slowdown in its economy-sensitive business lines, including roll-off, construction and special waste.Allied Waste added that it now sees free cash flow of more than $400 million for the full year.Michael BaronmbCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
|
|
|
|
|
|
|
| Stock
Quotes * |
|
NASDAQ
|
|
1599.06 |
-53.32 (
-3.29 %)
|
| SYMBOL (
2009-01-07 ) |
| LAST |
CHANGE
|
|
3I GROUP
(
11:35am )
|
|
362.50 |
+20.25 (
5.97 %)
|
|
HAMMERSON
(
11:35am )
|
|
613.00 |
+16.50 (
2.75 %)
|
| SYMBOL (
2009-01-07 )
|
| LAST |
CHANGE
|
| SYMBOL (
2009-01-07 )
|
| LAST |
CHANGE
|
|
|
Print this Story
Waste Industries soars on management bid to take company private 