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Casella reports 4Q loss

RUTLAND, Vt. (AP) _ Casella Waste Systems Inc. (CWST) on Wednesday reported a loss of $12 million in its fourth quarter.

On a per-share basis, the Rutland, Vermont-based company said it had a loss of 29 cents. Earnings, adjusted to extinguish debt and for non-recurring costs, came to 5 cents per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The provider of garbage-disposal and recycling services posted revenue of $143.8 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $140.1 million.

For the year, the company reported that its loss narrowed to $6.8 million, or 17 cents per share. Revenue was reported as $565 million.

Casella expects full-year revenue in the range of $577 million to $587 million.

Casella shares have decreased slightly more than 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.11, a climb of 92 percent in the last 12 months.


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


Keywords: Casella, Earnings Report