27.07.2023 15:10:11 - dpa-AFX: Stericycle Q2 Earnings Miss Estimates; Stock Down In Pre-market
LAKE FOREST (dpa-AFX) - Stericycle, Inc. (SRCL), a provider of regulated
waste management and related services, Thursday rported a net loss of $49.5
million, or $0.54 per share for the second quarter, compared with net income of
$10.5 million, or $0.11 per share in the comparable quarter last year, primarily
due to lower revenue impacted by divestiture.
Excluding one-time items, the company reported earnings of $0.43 per share, that
missed the average estimate of analysts polled by Thomson-Reuters of $0.49 per
share. Analysts' estimates typically exclude special items.
Revenues for the second quarter were $669.5 million, a decrease of 1.5% from
$679.8 million last year. The consensus estimate was for $683.48 million.
For the full year, the company has reaffirmed its outlook.
Stericycle shares were down more than 7% in pre-market trading. It closed at
$45.94, down 1.52% on Wednesday. The stock has been trading in the range of
$39.63 - $56.12 in the last 1 year.
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