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Advanced Disposal Services posts 3Q profit

PONTE VEDRA, Fla. (AP) _ Advanced Disposal Services Inc. (ADSW) on Wednesday reported third-quarter earnings of $3.5 million.

On a per-share basis, the Ponte Vedra, Florida-based company said it had net income of 4 cents. Earnings, adjusted for one-time gains and costs, were 16 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share.

The solid waste services provider posted revenue of $392.7 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $381.3 million.

Advanced Disposal Services expects full-year revenue in the range of $1.49 billion to $1.51 billion.

Advanced Disposal Services shares have increased 10 percent since the beginning of the year. The stock has climbed 23 percent 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