Republic Services: Q2 Earnings Snapshot
PHOENIX (AP) — PHOENIX (AP) — Republic Services Inc. (RSG) on Monday reported second-quarter net income of $427.4 million.
The Phoenix-based company said it had net income of $1.35 per share. Earnings, adjusted for restructuring costs and costs related to mergers and acquisitions, were $1.41 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The waste management company posted revenue of $3.73 billion in the period, which also topped Street forecasts. Nine analysts surveyed by Zacks expected $3.7 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a RSG">Zacks stock report on RSG at https://www.zacks.com/ap/RSG
