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Republic Services: 1Q Earnings Snapshot

PHOENIX (AP) _ Republic Services Inc. (RSG) on Thursday reported first-quarter earnings of $234.2 million.

The Phoenix-based company said it had profit of 72 cents per share. Earnings, adjusted for restructuring costs and non-recurring costs, came to 73 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.

The waste management company posted revenue of $2.47 billion in the period, which missed Street forecasts. Three analysts surveyed by Zacks expected $2.49 billion.

Republic Services shares have risen 10 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 17 percent. In the final minutes of trading on Thursday, shares hit $79.51, a climb of 22 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 RSG at https://www.zacks.com/ap/RSG