Tue Feb 7, 2012 4:36pm EST
Feb 7 (Reuters) – Waste Connections Inc’s
quarterly revenue beat analysts’ estimates on higher special
waste volumes and the waste management firm forecast 2012
revenue just above Wall Street expectations.
The company that provides solid waste collection, transfer,
disposal and recycling services expects 2012 revenue at $ 1.62
billion. Analysts, on average, were expecting $ 1.60 billion,
according to Thomson Reuters I/B/E/S.
Net profit rose to $ 38 million, or 34 cents a share, from
$ 36.1 million, or 31 cents a share, a year ago.
Revenue at the Folsom, California-based company rose 13
percent to $ 379.8 million.
Excluding items, the company earned 35 cents a share.
Analysts on an average were expecting the company to earn 35
cents a share, on revenue of $ 376.6 million.
The company’s shares closed at $ 32.54 on Tuesday on the New
York Stock Exchange.
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