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Allied Waste Industries (AW)

Stock (Transportation Industry, Services Industry, Waste Management Industry)

Quarterly Earnings Fallout Allied Waste announced much lower-than-expected profits for Q3. Corporate management blamed the poor results on reduced trash volume caused by the ongoing construction slump. Charging higher prices mildly offset this loss by generating a 2% quarterly revenue increase. Allied's quarterly report came a week after Waste Management (WMI) also released lower-than-expected numbers. In addition, investor discontent with Allied's corporate management supported this month-long decline.

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