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Advanced Disposal Services: 1Q Earnings Snapshot

PONTE VEDRA, Fla. (AP) _ Advanced Disposal Services Inc. (ADSW) on Tuesday reported a first-quarter loss of $6 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Ponte Vedra, Florida-based company said it had a loss of 7 cents. Earnings, adjusted for one-time gains and costs, were 2 cents per share.

The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.

The solid waste services provider posted revenue of $384 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $375.5 million.

Advanced Disposal Services shares have increased 35% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $32.29, a rise of 47% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADSW at https://www.zacks.com/ap/ADSW