Why Clean Harbors (CLH) Stock Is Down 3% Since Q3 Earnings
Zacks Investment Research | Nov 03, 2019 09:05PM ET
Shares of Clean Harbors, Inc. (NYSE:CLH) have declined 2.6% since its third-quarter 2019 earnings release on Oct 30. The downward movement can be attributed to the company’s lower-than-expected bottom line performance and lowering of the high end of its net income guidance for 2019.
Notably, the company reported adjusted earnings per share of 72 cents, which lagged the consensus mark by 2 cents while improving 22% year over year. Net income for 2019 is now anticipated in the range of $85-$110 million compared with the previously guided range of $82-$115 million.
Clean Harbors, Inc. Price, Consensus and EPS Surprise
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