U.S. Markets closed

Advanced Disposal Services: 3Q Earnings Snapshot

PONTE VEDRA, Fla. (AP) _ Advanced Disposal Services Inc. (ADSW) on Tuesday reported third-quarter net income of $3.6 million, after reporting a loss in the same period a year earlier.

The Ponte Vedra, Florida-based company said it had net income of 4 cents per share. Earnings, adjusted for one-time gains and costs, were 19 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The solid waste services provider posted revenue of $419.5 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $420.5 million.

Advanced Disposal Services shares have climbed 37% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $32.83, a climb of 25% 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