UPDATE 1-IESI-BFC Q2 profit up on higher pricing
* Q2 EPS $0.21 vs $0.18 yr-ago
* Q2 adj EPS $0.25 vs est $0.25
* Q2 rev up 18.1 pct to $299.6 mln
* Sees FY rev of $1.39 bn-$1.42 bn
July 27 (Reuters) - Canadian waste management company IESI-BFC Ltd (BIN.TO) posted a 31 percent rise in its quarterly profit, helped by higher volumes and pricing across its segments.
For the full year, the company said it expects revenue in the range of $1.39 billion to $1.42 billion.
Analysts on average were expecting revenue of $1.41 billion, according to Thomson Reuters I/B/E/S.
For the second quarter ended June 30, the company earned $19.8 million, or 21 cents per share, compared with $15.1 million, or 18 cents a share, a year ago.
Adjusted net income was 25 cents per share, the company said in a statement. Revenue for the quarter rose 18.1 percent to $299.6 million.
Analysts on average were expecting earnings of 25 cents a share, excluding items, on revenue of $290.9 million, according to Thomson Reuters I/B/E/S.
Core price increased by 3 percent and volumes grew by 7.2 percent in Canada. In the United States, core price grew by 2 percent and volumes grew by 3.4 percent, the company added.
Shares of the company closed at C$23.41 Tuesday on the Toronto Stock Exchange. (Reporting by Arnika Thakur in Bangalore; Editing by Roshni Menon)
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