Waste Services rises 12% in pre-market on Q2 profits

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Waste Services Inc. (Nasdaq:WSII) gained 12% in pre-market trading today after Tuesday’s after-the-close announcement of profitable second-quarter earnings. For the quarter ended June 30, net income was $3.9 million, or $0.09 a share, compared with a net loss of $14.4 million, or $0.32 per share, for the same period a year ago. Revenues were $128.3 million versus $119.4 million for the quarter a year earlier. Wall Street was expecting $0.08 per share with revenues of $124.3 million.

The Canada-based company said it expects its full-year guidance to be in line with previous estimates of revenues between $480 million and $500 million with earnings per share of $0.30 to $0.35.

Before today’s market open, shares are at $9, up $0.95 from Tuesday’s close.

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