Stericycle Inc. (SRCL) announced earnings for fourth quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $14.9 million, or $0.16 per share. This compares with $31.8 million, or $0.35 per share, in last year's fourth quarter.
Excluding items, Stericycle Inc. reported adjusted earnings of $49.9 million or $0.54 per share for the period.
Analysts on average had expected the company to earn $0.47 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 2.7% to $652.0 million from $670.4 million last year.
Stericycle Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $14.9 Mln. vs. $31.8 Mln. last year.
-EPS (Q4): $0.16 vs. $0.35 last year.
-Analyst Estimates: $0.47
-Revenue (Q4): $652.0 Mln vs. $670.4 Mln last year.
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