Casella Profit In Line With Estimate; Reaffirms FY Revenue Guidance

(RTTNews) - Casella Waste Systems Inc (CWST) Thursday reported second-quarter net earnings of $260 thousand or $0.01 per share compared with a loss of $340 thousand or $0.01 per share last year.

Revenues for the quarter were $141.3 million compared with $132.3 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.01 per share on revenues of $140.4 million for the quarter. Analysts' estimates typically exclude special items.

For the eight-month transition period ending December 2014, the company continues to expect revenues of $356 million to $366 million.

For the next full fiscal year, which will run from January 2015 through December 2015, the company still expects revenues of $520 million and $530 million.