Movement Alert｜Waste Connections Intraday Rise 8.08% in Regular Trading, Q3 Earnings Beat and Revenue Outlook Raised

Market Focus10-22

On October 22, Waste Connections rose 8.08% in Regular Trading, trading at $181.88 per share, with turnover of $249 million.

The move followed the company’s latest quarterly results, which topped market expectations and included a higher full-year revenue outlook.

For the quarter ended September 30, adjusted earnings were $1.58 per diluted share, up from $1.44 a year earlier and above consensus estimates of $1.52 to $1.54. Revenue was about $2.64 billion, also slightly ahead of expectations and up from $2.46 billion a year ago. Waste Connections also lifted its full-year revenue forecast to about $10.09 billion, above its prior $10.02 billion to $10.05 billion range, signaling continued steady growth across its non-hazardous waste collection, disposal, and resource recovery businesses.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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