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Heritage-Crystal Clean misses Street 4Q forecasts

ELGIN, Ill. (AP) _ Heritage-Crystal Clean Inc. (HCCI) on Wednesday reported fourth-quarter net income of $3.4 million, after reporting a loss in the same period a year earlier.

The Elgin, Illinois-based company said it had profit of 15 cents per share. Earnings, adjusted for severance costs, came to 20 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 21 cents per share.

The cleaning and waste-management company posted revenue of $106.7 million in the period, also falling short of Street forecasts. Five analysts surveyed by Zacks expected $108.9 million.

For the year, the company reported profit of $5.8 million, or 26 cents per share. Revenue was reported as $347.6 million.

Heritage-Crystal Clean shares have climbed slightly since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $15.75, a climb of 97 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 HCCI at https://www.zacks.com/ap/HCCI


Keywords: Heritage-Crystal Clean, Earnings Report