UPDATE 1-Waste Connections Q1 profit beats Wall Street view

* EPS $0.35 vs est EPS $0.34

* Revenue up 17 pct to $307.5 mln

April 20 (BestGrowthStock) – Trash hauler Waste Connections Inc
(WCN.N: ) posted a better-than-expected quarterly profit, helped
by strong recycled commodity prices.

For the first quarter, the company earned $27.6 million, or
35 cents a share, compared with $22 million, or 27 cents a
share, a year ago.

Revenue rose 17 percent to $307.5 million.

Analysts on average expected the company to earn 34 cents a
share, on revenue of $304.9 million, according to Thomson
Reuters I/B/E/S.

“We continue to believe that organic volume growth could
turn positive by third quarter,” Chief Executive Ronald
Mittelstaedt said in a statement.

Shares of the Folsom, California-based company closed at
$35.17 Tuesday on the New York Stock Exchange.

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(Reporting by Vinay Sarawagi in Bangalore; Editing by Don
Sebastian) (([email protected]; within U.S.
+646 223 8780; outside U.S. +91 80 4135 5800; Reuters
Messaging: [email protected])

UPDATE 1-Waste Connections Q1 profit beats Wall Street view