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Heckmann Q1 Loss Widens

Heckmann Corp. (HEK) Wednesday reported first-quarter net loss of $12.6 million $0.05 per share, compared to a loss of $3.9 million or $0.03 per share last year.

Revenues for the first quarter nearly tripled to $159.5 million from $55.0 million last year.

On average, nine analysts polled by Thomson Reuters expected a loss of $0.01 per share on revenues of $166.88 million. Analysts' estimates typically exclude special items.

Heckmann reiterated its full-year 2013 guidance of revenues between $750 and $825 million. Analysts currently estimate earning of $766.82 million for the year.

by RTTNews Staff Writer

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