Casella: Q1 Earnings Snapshot

Associated Press Finance
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RUTLAND, Vt. (AP) — RUTLAND, Vt. (AP) — Casella Waste Systems Inc. (CWST) on Thursday reported first-quarter profit of $3.5 million.

The Rutland, Vermont-based company said it had profit of 7 cents per share. Earnings, adjusted for non-recurring costs, came to 10 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The provider of garbage-disposal and recycling services posted revenue of $262.6 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $259.1 million.

Casella expects full-year revenue in the range of $1.15 billion to $1.18 billion.

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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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