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Casella Waste Systems Inc. (NASDAQ:CWST) had a loss and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Casella Waste Systems Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.08 in the quarter versus EPS of $-0.32 in the year-earlier quarter.
Revenue: Rose 0.37% to $115 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Casella Waste Systems Inc. reported adjusted EPS loss of $0.08 per share. By that measure, the company beat the mean analyst estimate of $-0.16. It beat the average revenue estimate of $114.75 million.
Quoting Management: “We continued to face operating challenges throughout our business in the third quarter,” said John W. Casella, Chairman and CEO of Casella Waste Systems. “Landfill volumes at our western New York landfills, volumes in our collection line-of-business, and the ramp-up of several projects all underperformed our expectations in the quarter and, as such, we have lowered our guidance for the current fiscal year.”
Key Stats (on next page)…
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