Waste management services provider US Ecology, Inc. (ECOL) on Thursday reported higher profit for the fourth quarter, aided by a 5 percent growth in revenues. The firm guided 2012 earnings above Wall Street estimates.
Net income for the quarter increased to $6.7 million or $0.37 per share from $4.5 million or $0.25 per share in the prior year.
Excluding non-cash foreign currency gains, adjusted earnings stood at $0.34 per share. In the prior year, adjusted earnings were $0.29 per share. On average, 3 analysts polled by Thomson Reuters expected earnings of $0.24 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenue increased 5 percent to $41.6 million from $39.5 million in the same quarter last year. Analysts expected revenues of $39.25 million for the quarter.
The company expects earnings per share in 2012 to range between $1.07 and $1.17, excluding any foreign currency gains or losses. Analysts expect full-year earnings of $1.05 per share.
The firm also remains committed to adding new assets and capabilities through acquisition in 2012.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.