Date: August 13, 2003
Source: News Room
Shares of Clean Harbors Inc. (NasdaqNM: CLHB) fell to a 52-week low last week after the company reported a significant second quarter loss and rescinded its earnings projections for the rest of the year. The news drove the company's stock price to a 52-week low of $5.55 a share. Earlier last Thursday, Clean Harbors reported a net loss of $6.8 million, or 57 cents a share for the second quarter, compared with net income of $483,000, or three cents a share, in the year-earlier quarter. Analysts had expected quarterly earnings of 27 cents a share, according to Thomson First Call. The company said its results were hurt by low volumes in its landfill and facilities businesses.
More information: www.cleanharbors.com.
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