Clean Harbors, Inc. Q1 Profit Increases, beats estimates

(RTTNews) - Clean Harbors, Inc. (CLH) released earnings for its first quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $45.31 million, or $0.83 per share. This compares with $21.74 million, or $0.39 per share, in last year's first quarter.

Excluding items, Clean Harbors, Inc. reported adjusted earnings of $45.43 million or $0.83 per share for the period.

Analysts on average had expected the company to earn $0.73 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 44.4% to $1.17 billion from $0.81 billion last year.

Clean Harbors, Inc. earnings at a glance (GAAP) :

-Earnings (Q1): $45.31 Mln. vs. $21.74 Mln. last year. -EPS (Q1): $0.83 vs. $0.39 last year. -Analyst Estimate: $0.73 -Revenue (Q1): $1.17 Bln vs. $0.81 Bln last year.