Casella Beats Earnings Forecasts With 4Q Results

Date: June 23, 2005

Source: News Room

Casella Waste Systems has reported a narrower-than-expected quarterly loss. Excluding a one-time charge for financing costs, Casella reported a loss of 1 cent per share for the fiscal fourth quarter ended April 30. Analysts had predicted a loss of 3 cents per share. Revenue also beat average forecasts of $112 million, coming in at $115 million. Casella reported a net loss of $364,000, or 5 cents per share, up from a loss of $5.3 million, or 25 cents a share, in the same quarter last year.
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