04:35 PM EDT, 10/23/2024 (MT Newswires) -- Waste Connections ( WCN ) edged up in after-hours New York trading after the company on Wednesday said its third-quarter adjusted profit rose 15%, topping expectations, while it boosted its guidance.

The waste-management company said its adjusted profit, excluding most one-time items, rose to US$350 million, or US$1.35 per share, up 15% from US$303.1 million, or US$1.17, in the year-prior quarter. The consensus estimate was US$1.29 per share adjusted profit, according to Capital IQ.

Revenue stood at US$2.34 billion, up from $2.07 billion a year ago. This too beat the Capital IQ revenue forecast of US$2.30 billion.

The company updated its 2024 outlook. It said it now expects revenue to be about US$8.9 billion, up US$150 million from its prior outlook. Net income is projected to be about US$1.08 billion and adjusted earnings before interest, taxes, depreciation, and amortization are set to be about US$2.91 billion, up US$50 million from its original outlook.

The Capital IQ forecast for 2024 revenue is US$8.83 billion.

Waste Connection shares were last seen up US$0.25 to US$298.82 after hours. They closed down $1.07 to $249.53 on the Toronto Stock Exchange.