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Actionable news in SRCL: Stericycle, Inc.,

Stericycle (SRCL) Stock Tanks, Q1 Earnings Miss Estimates

NEW YORK (TheStreet) -- Shares of Stericycle (SRCL - Get Report) are tumbling by 21.94% to $95.03 on heavy trading volume late Friday morning, after the company posted weaker-than-expected earnings for the 2016 first quarter.

After yesterday's market close, the Lake Forest, IL-based medical waste management company reported adjusted earnings of $1.11 per diluted share, missing analysts' estimates of $1.15 per share.

Revenue came in at $874.2 million, which beat analysts' expectations of $870.5 million.

Additionally, RBC Capital Markets downgraded the stock to "underperform" from "sector perform" and cut its price target to $96 from...


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