U.S. Markets closed
  • S&P 500

    3,577.59
    +20.05 (+0.56%)
     
  • Dow 30

    29,591.27
    +327.79 (+1.12%)
     
  • Nasdaq

    11,880.63
    +25.66 (+0.22%)
     
  • Russell 2000

    1,818.30
    +32.96 (+1.85%)
     
  • Crude Oil

    43.03
    -0.03 (-0.07%)
     
  • Gold

    1,834.70
    -3.10 (-0.17%)
     
  • Silver

    23.62
    -0.01 (-0.06%)
     
  • EUR/USD

    1.1853
    -0.0010 (-0.0830%)
     
  • 10-Yr Bond

    0.8570
    +0.0280 (+3.38%)
     
  • Vix

    22.66
    -1.04 (-4.39%)
     
  • GBP/USD

    1.3327
    +0.0036 (+0.2719%)
     
  • USD/JPY

    104.4900
    +0.6620 (+0.6376%)
     
  • BTC-USD

    18,340.22
    -114.53 (-0.62%)
     
  • CMC Crypto 200

    365.78
    +4.35 (+1.20%)
     
  • FTSE 100

    6,333.84
    -17.61 (-0.28%)
     
  • Nikkei 225

    25,527.37
    -106.93 (-0.42%)
     

Republic Services: 3Q Earnings Snapshot

·1 min read

PHOENIX (AP) _ Republic Services Inc. (RSG) on Thursday reported third-quarter net income of $260 million.

On a per-share basis, the Phoenix-based company said it had profit of 81 cents. Earnings, adjusted for non-recurring costs and to extinguish debt, were $1 per share.

The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share.

The waste management company posted revenue of $2.57 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $2.58 billion.

Republic Services expects full-year earnings in the range of $3.37 to $3.40 per share.

Republic Services shares have increased roughly 7% since the beginning of the year, while the Standard & Poor's 500 index has climbed almost 9%. In the final minutes of trading on Thursday, shares hit $95.70, a climb of 12% 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