Casella: Q1 Earnings Snapshot

RUTLAND, Vt. (AP) — RUTLAND, Vt. (AP) — Casella Waste Systems Inc. (CWST) on Thursday reported a loss of $4.1 million in its first quarter.

The Rutland, Vermont-based company said it had a loss of 7 cents per share. Losses, adjusted for non-recurring costs, came to 1 cent per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The provider of garbage-disposal and recycling services posted revenue of $341 million in the period.

Casella expects full-year revenue in the range of $1.48 billion to $1.51 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CWST at https://www.zacks.com/ap/CWST

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up