Waste Connections Q1 Profit Falls 3%

(RTTNews) - Waste Connections (WCN) announced earnings for first quarter that declined from last year.

The company said its bottom line came in at $55.22 million, or $0.45 per share. This was down from $56.86 million, or $0.46 per share, in last year's first quarter.

Analysts had expected the company to earn $0.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.7% to $514.68 million. This was up from $506.10 million last year.

Waste Connections earnings at a glance:

-Earnings (Q1): $55.22 Mln. vs. $56.86 Mln. last year. -Earnings Decline (Y-o-Y): -2.9% -EPS (Q1): $0.45 vs. $0.46 last year. -EPS Decline (Y-o-Y): -2.2% -Analysts Estimate: $0.46 -Revenue (Q1): $514.68 Mln vs. $506.10 Mln last year. -Revenue Change (Y-o-Y): 1.7%