WASHINGTON (dpa-AFX) - Clean Harbors, Inc. (CLH) reported Wednesday a surge in its fourth-quarter net income to $38.2 million or $0.72 per share from $23.3 million or $0.44 per share in the year-ago quarter.
On average, 13 analysts polled by Thomson Reuters expected the company to earn $0.48 per share. Analysts' estimates typically exclude special items.
The company noted that all share and per share amounts reflect the two-for-one stock split completed in July 2011.
Revenues for the quarter rose 31 percent to $545.9 million from $417.06 million, well above analysts' view of $509.09 million.
Looking ahead to fiscal 2012, the company raised its revenue guidance to a range of $2.20 billion to $2.25 billion from its previous range between $2.15 billion and $2.20 billion, while analysts expect revenues of $2.19 billion.
The company also currently expects EBITDA for the full year in the range of $400 million to $410 million, up from the prior outlook of $390 million to $400 million.
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