Casella: 4Q Earnings Snapshot

Associated Press
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RUTLAND, Vt. (AP) _ Casella Waste Systems Inc. (CWST) on Thursday reported fourth-quarter profit of $62.9 million.

The Rutland, Vermont-based company said it had net income of $1.24 per share. Earnings, adjusted for non-recurring gains, were 17 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 15 cents per share.

The provider of garbage-disposal and recycling services posted revenue of $200.2 million in the period.

For the year, the company reported profit of $91.1 million, or $1.86 per share. Revenue was reported as $774.6 million.

Casella expects full-year revenue in the range of $815 million to $830 million.

Casella shares have declined 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $59.98, a rise of 11% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CWST at https://www.zacks.com/ap/CWST

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