Date: January 27, 2005
Source: News Room
Allied Waste Inc. has reported small fourth-quarter profits, a reversal of a large loss a year ago. The company reported fourth-quarter earnings of $12 million, or 4 cents per share, as compared with the year-ago loss of $523.2 million, or $2.38 a share. That charge included a $2.34 per share charge to convert preferred stock and retire debt. However, analysts surveyed by Thomson First Call had predicted the company would report earnings of 7 cents a share.
More information: www.alliedwaste.com.
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