Republic Services Posts Q4 Earnings Beat; Shares Climb
Feb. 13, 2020 was an exciting day in the solid waste sector. That morning, the #1 trash hauler and landfill operator in North America, Waste Management (NYSE: WM), disappointed Wall Street with lackluster fourth-quarter 2019 earnings. After the market closed, it was #2 Republic Services' (NYSE: RSG) turn, and the market had a much better reaction.
Not only did Republic Services beat earnings estimates, but its shares also rose a modest 1.5%. Here's why the #2 came out on top this time.
Republic Services outperformed its top rival in Q4 thanks to its lower percentage of recycling revenue. Image source: Getty Images.
Source Fool.com
