Republic Services posts 29% higher profit

SAN FRANCISCO (MarketWatch) — Waste removal company Republic Services Inc.


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+0.43%



reported late Thursday fourth-quarter profit rose to $ 191 million, or 51 cents a share, from $ 147.6 million, or 38 cents, a year ago. Revenue for the quarter ended Dec. 31 rose to $ 2.03 billion from $ 2.02 billion. Analysts polled by FactSet Research had expected the Phoenix-based company to earn 44 cents a share on $ 2.02 billion in revenue. The company said it expects to earn $ 1.98 to $ 2.02 a share in 2012, in line with analysts’ expectations. Republic Services shares were up 7 cents at $ 30.01 in after-hours trade.

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Volume: 2.80M

Feb. 9, 2012 4:01p

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