Republic Services rises in extended trading after Q1 results
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Republic Services (NYSE:RSG) rose in extended trading after the waste-management company reported Q1 results that beat estimates. Shares advanced 1.3% to $139.50 by 6:07 p.m. ET.
The company’s revenue rose 21% from a year earlier to $3.58 billion, compared with the average estimate of $3.43 billion among Wall Street analysts. Net income rose 9.1% to $383.9 million.
Earnings adjusted for one-time items of $1.24 beat the average estimate of $1.13.
“Pricing in excess of cost inflation drove underlying margin expansion, and our environmental solutions business delivered revenue and profitability targets ahead of schedule,” Jon Vander Ark, president and CEO, said in a statement.