ONTARIO, Ontario (AP) — ONTARIO, Ontario (AP) — Waste Connections Inc. (WCN) on Wednesday reported a loss of $196 million in its fourth quarter.
The Ontario, Ontario-based company said it had a loss of 76 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.16 per share.
The results missed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.
The solid waste services provider posted revenue of $2.26 billion in the period, exceeding Street forecasts. Nine analysts surveyed by Zacks expected $2.24 billion.
For the year, the company reported profit of $617.6 million, or $2.39 per share. Revenue was reported as $8.92 billion.
Waste Connections expects full-year revenue in the range of $9.45 billion to $9.6 billion.
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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
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