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Waste Connections: 3Q Earnings Snapshot

·1 min read

VAUGHAN, Ontario (AP) _ Waste Connections Inc. (WCN) on Wednesday reported third-quarter profit of $158 million.

On a per-share basis, the Vaughan, Ontario-based company said it had profit of 60 cents. Earnings, adjusted for one-time gains and costs, came to 72 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The solid waste services provider posted revenue of $1.39 billion in the period, which also topped Street forecasts. Seven analysts surveyed by Zacks expected $1.38 billion.

Waste Connections shares have increased almost 9% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $98.89, a climb of nearly 10% 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 WCN at https://www.zacks.com/ap/WCN