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UPDATE 1-Industrial Services sees Q2 revenue doubling
June 24, 2010 / 3:24 PM / 7 years ago

UPDATE 1-Industrial Services sees Q2 revenue doubling

* Sees Q2 rev $82 mln-$86 mln

* Shares rise 13 pct

June 24 (Reuters) - Industrial Services of America Inc (IDSA.O) expects its quarterly revenue to more than double from the past year, sending its shares up 13 percent.

The metal recycling company forecast second-quarter revenue between $82 million and $86 million, compared with $39.1 million a year ago.

An analyst expects quarterly revenue of $79 million, according to Thomson Reuters I/B/E/S.

Shares of the company were trading up 9 percent at $11.35 Thursday morning on the New York Stock Exchange. They rose to $11.74 earlier in the session. (Reporting by Vinay Sarawagi in Bangalore; Editing by Don Sebastian) ((vinay.sarawagi@thomsonreuters.com; within U.S. +646 223 8780; outside U.S. +91 80 4135 5800; Reuters Messaging: vinay.sarawagi.reuters.com@reuters.net))

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