Stericycle Q1 Profit Beats Estimates; Organic Revenues Up 7.2%

(RTTNews) - Stericycle, Inc. (SRCL) reported first quarter net income of $11.2 million, or $0.12 per share, compared to a net loss of $14.2 million, or $0.15 per share, a year ago. Adjusted income from operations was $84.7 million, compared to $59.0 million, prior year. Adjusted earnings per share was $0.49, compared to $0.32. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.44, for the quarter. Analysts' estimates typically exclude special items.

First quarter revenues were $684.3 million, an increase of 3.0% from last year, with organic revenues growing 7.2%. Analysts on average had estimated $670.37 million in revenue.

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