Seeking Alpha

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

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.
Comments (2)
  • bigazul
    , contributor
    Comments (1023) | Send Message
     
    Waste companies getting hit hard. WM's drop (although still in process) was not as explosive as RSG.
    27 Apr 2012, 12:39 PM Reply Like
  • Storm Warning
    , contributor
    Comments (156) | Send Message
     
    I have been concerned the state of municipalities throughout America would be a big drag on this sector going forward and I don't think it's going to change for awhile.
    27 Apr 2012, 02:10 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs