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Stericycle (SRCL) Stock Plunges on Q2 Revenue Miss, Guidance

NEW YORK (TheStreet) -- Shares of Stericycle (SRCL) are tumbling 16.34% to $88.62 on heavy trading volume late Friday morning after the Lake Forest, IL-based company reported lower-than-expected revenue for the 2016 second quarter and provided a downbeat outlook.

After yesterday's market close, the medical waste management company posted revenue of $891.6 million, below analysts' projections of $912.8 million.

Adjusted earnings of $1.18 per share were in line with analysts' estimates.

For 2016, Stericycle sees earnings per share...