Republic Services Q1 Profit Increases, Beats Estimates

Republic Services (RSG) announced earnings for its first quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $495 million, or $1.58 per share. This compares with $454 million, or $1.44 per share, last year.

Excluding items, Republic Services reported adjusted earnings of $496 million or $1.58 per share for the period.

Analysts on average had expected the company to earn $1.53 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 3.8% to $4.009 billion from $3.862 billion last year.

Republic Services earnings at a glance (GAAP) :

-Earnings: $495 Mln. vs. $454 Mln. last year.
-EPS: $1.58 vs. $1.44 last year.
-Revenue: $4.009 Bln vs. $3.862 Bln last year.

by RTTNews Staff Writer

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