US Ecology's Earnings Hurt by Hurricanes and Other Unanticipated Factors
US Ecology (NASDAQ: ECOL) reported third-quarter 2017 results after the market closed on Oct. 26. Business conditions are improving, but the environmental services company's results were hurt by hurricanes Harvey and Irma, a charge related to a property tax assessment, and some event business pushed back.
The market sent US Ecology shares tumbling to a closing loss of 10.4% on Friday, which we can attribute to the weaker-than-expected results and the ratcheting back of full-year 2017 guidance.
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Source: Fool.com
