Republic Services (RSG -12.2%) dips after missing Q1 estimates on slower sales and anemic...

|About: Republic Services, Inc. (RSG)|By:, SA News Editor

Republic Services (RSG -12.2%) dips after missing Q1 estimates on slower sales and anemic growth. Net profit fell 9.7% Y/Y on flat volume due to challenging market conditions. The company also lowers guidance for FY12 to $1.86 - $1.90 from $1.98 - $2.02. Street estimates for for an EPS of $2.01. Separately the company says its Tod Holmes will retire from his position effective May 1.