Why Casella Waste Systems Stock Flopped on Friday
Although revenue was notably higher in the second quarter, net income came in well under expectations.Solid waste and recycling management company Casella Waste Systems (CWST -5.29%) was surely eager to start its weekend. On Friday, the company published quarterly results that were a dud with investors, who sent its share price down by more than 5%. That was more deeply in the red than the S&P 500 index's 1.6% dive.One big whiffMuch of this was because of a fairly wide bottom-line miss in Casella's second q ...