ELGIN, Ill. (AP) _ Heritage-Crystal Clean Inc. (HCCI) on Wednesday reported first-quarter net income of $5.3 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Elgin, Illinois-based company said it had profit of 23 cents.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The cleaning and waste-management company posted revenue of $107.3 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $106.4 million.
Heritage-Crystal Clean shares have fallen 39% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $19.25, a decrease of 33% in the last 12 months.