ONTARIO, Ontario (AP) — ONTARIO, Ontario (AP) — Waste Connections Inc. (WCN) on Wednesday reported first-quarter net income of $219.3 million.
On a per-share basis, the Ontario, Ontario-based company said it had profit of 86 cents. Earnings, adjusted for one-time gains and costs, came to $1.23 per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The solid waste services provider posted revenue of $2.37 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $2.35 billion.
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