Republic Services Announces 9% Decline In Q1 Earnings

(RTTNews) - Republic Services (RSG) reported a profit for first quarter that declined from last year.

The company said its profit totaled $156.7 million, or $0.45 per share. This was lower than $172.4 million, or $0.49 per share, in last year's first quarter.

Analysts had expected the company to earn $0.47 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 3.7% to $2.25 billion. This was up from $2.17 billion last year.

Republic Services earnings at a glance:

-Earnings (Q1): $156.7 Mln. vs. $172.4 Mln. last year. -Earnings Decline (Y-o-Y): -9.1% -EPS (Q1): $0.45 vs. $0.49 last year. -EPS Decline (Y-o-Y): -8.2% -Analysts Estimate: $0.47 -Revenue (Q1): $2.25 Bln vs. $2.17 Bln last year. -Revenue Change (Y-o-Y): 3.7%