* Q4 EPS $0.53 vs est $0.66 * Rev up 39 pct but misses
estimates * Says cautious about the sales environment in '10 *
Shares down 10 pct
* Maintains 2010 rev outlook
Feb 24 U.S. waste-management company Clean
Harbors Inc (CLH.N) reported a lower fourth-quarter profit that
missed analysts' estimates, hurt by lower utilization of its
recently acquired Eveready assets, sending its shares down 10
percent in early morning trade.
"We remain cautious about the sales environment in 2010
although we are beginning to see the initial signs of recovery
in many of our end-markets," Chief Executive Alan McKim said in
However, the company kept its 2010 revenue view of $1.40
billion to $1.45 billion versus analysts' view of $1.447
For the latest fourth quarter, net income was $13.9
million, or 53 cents a share, compared with $17.9 million, or
75 cents a share, last year.
Total revenues for the quarter rose 39 pct to $347 million.
Analysts, on average, expected the company to post earnings
of 66 cents a share, excluding items, on revenue of $349.74
million, according to Thomson Reuters I/B/E/S.
Shares of the company were down $5.8 at $53.03 on the New York
(Reporting by Thyagaraju Adinarayan in Bangalore; Editing by