Clean Harbors (CLHB) Beats Estimates

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11:39:36 am on August 6, 2008

Clean Harbors (CLHB) reported better than expected earnings this morning and raised its full year 2008 revenue outlook.  After initially selling off this morning, the stock has recovered significantly and reclaimed key support levels.

The company credited the strong results to growth across all segments and higher utilization of its domestic incinerators. 

The company reported a 44% jump in income which beat estimates.  Revenue rose 11% from the year ago period which also edged estimates.  

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