Clean Harbors (CLH) Dips 1.3% Despite Q1 Earnings and Revenue Beat

OMC EFX CLH

Clean Harbors, Inc. (CLH - Free Report)  reported solid first-quarter 2023 results, wherein both earnings and revenues surpassed the respective Zacks Consensus Estimate.

Better-than-expected results failed to impress investors as the stock fell 1.3% since the earnings release on May 3.

Adjusted earnings per share (excluding 3 cents from non-recurring items) of $1.36 outpaced the Zacks Consensus Estimate by 18.3%, our estimate by 10.6% and the year-ago quarter’s figure by 63.9%. Total revenues of $1.31 billion beat the Zacks Consensus Estimate by 5.4% and our estimate by 9.2%. Earnings grew 11.8% year over year.

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