TheChek News Flow

Reports Q3 (Sep) earnings of $0.72 per share, excluding non-recurring items, $0.04 better than the Capital IQ Consensus Estimate of $0.68; revenues fell 0.5% year/year to $3.6 bln vs the $3.66 bln consensus.

• "Once again, our strong yield and cost controls delivered growth in our traditional solid waste business as income from operations grew $13 mln and income from operations margin rose by 60bps compared to the third quarter of 2013 results..."
  

Co issues upside guidance for FY14, sees EPS of $2.41 from prior guidance of $2.35, excluding non-recurring items, vs. $2.36 Capital IQ Consensus Estimate.

• "We are confident that we can meet the analysts' fourth quarter consensus of $0.60 of adjusted earnings per diluted share. That would lead to full year adjusted earnings per diluted share of $2.41, $0.06 above the high end of our previous range. Cash flow has also been strong through the first three quarters, and we expect that we will also exceed the $1.5 billion high end of our free cash flow guidance."