By Ezequiel Minaya

Trash collector Republic Services Inc. on Thursday posted better-than-expected results for its latest quarter, driven by improving service prices and volume.

Collection, the largest business segment, climbed 2.7% to $1.80 billion from $1.75 billion during the same period a year earlier.

The company also released guidance for the current fiscal year, expecting earnings on a per-share basis between $2.29 and $2.33 with adjusted earnings in the range of $2.32 and $2.36. Analysts surveyed by Thomson Reuters expect $2.36 a share on an adjusted basis.

For the three months ended Dec. 31, costs of operations increased 4.3% to $1.47 billion.

Among the results, revenue for residential collection was nearly flat, edging up 0.8% to $564.2 million, while large-container industrial collection rose 3.8% to $495.3 million and sales of recycled commodities climbed 24.8% to $117.6 million.

In all, for the quarter ended in December, Republic Services earned $189.5 million, or 55 cents a share, up from $172.3 million, or 49 cents a share, a year earlier. Earnings excluding items were 57 cents a share, up from 50 cents the year before.

Revenue increased 3.9% to $2.38 billion.

Results beat Wall Street expectations. Analysts surveyed by Thomson Reuters expected adjusted earnings of 56 cents a share on revenue of $2.36 billion.

Shares were inactive after-hours Thursday.

Write to Ezequiel Minaya at Ezequiel.Minaya@wsj.com

(END) Dow Jones Newswires

February 16, 2017 17:27 ET (22:27 GMT)

Copyright (c) 2017 Dow Jones & Company, Inc.
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