PHOENIX (AP) _ Republic Services Inc. (RSG) on Wednesday reported first-quarter profit of $295.9 million.
The Phoenix-based company said it had profit of 93 cents per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 86 cents per share.
The waste management company posted revenue of $2.6 billion in the period, which fell short of Street forecasts. Seven analysts surveyed by Zacks expected $2.61 billion.
Republic Services expects full-year earnings in the range of $3.74 to $3.79 per share.
Republic Services shares have increased 14% since the beginning of the year, while the S&P's 500 index has climbed 11%. In the final minutes of trading on Wednesday, shares hit $109.36, an increase of 41% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on RSG at https://www.zacks.com/ap/RSG
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