Industrial Services of America hits year high on Q2 earnings expectations

Industrial Services of America, Inc. (Nasdaq:IDSA) hit a year-high price of  $17.74 Wednesday after the waste and recycling management company projected second-quarter earnings that are almost double from the same quarter a year ago. The Louisville-Ky.-based company forecast second-quarter earnings in the range of $0.42 to $0.44 per share, compared with $0.22 per share a year earlier. The prediction was based on actual results from the first two months of the quarter and on projected trends, the company said.

The stock is up about 11% to $15.86 per share.

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