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Allied Waste nearly doubles profit

SAN FRANCISCO (MarketWatch) — Allied Waste Industries Inc. reported late Wednesday first-quarter net income rose 82% to $72.6 million, or 17 cents a share, from $39.9 million, or 8 cents a share, a year ago. Revenue for the three months ended March 31 rose 2.7% to $1.48 billion from $1.44 billion. Analysts surveyed by Factset had expected the Phoenix, Ariz.-based garbage hauler and recycler to post earnings of 17 cents a share on $1.48 billion in revenue. Allied Waste shares fell 11 cents to close at $12.36 ahead of the report.
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Original post by Forextvblog

This entry was posted on Wednesday, April 30th, 2008 at 4:33 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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