February 23, 2010 / 11:32 PM / 8 years ago

UPDATE 1-IESI-BFC Q4 profit misses estimates

* Q4 EPS $0.16 vs. est $0.18

* Revenue up 8 pct to $262.5 mln

* Sees 2010 revenue of $1.07-$1.10 bln

Feb 23 (Reuters) - Canadian waste management company IESI-BFC Ltd BIN.TO reported a lower-than-expected quarterly profit on higher costs and forecast 2010 revenue below estimates.

For the quarter ended Dec. 31, the company reported a net income of $9.9 million, flat with last year. On a per-share basis, it earned 11 cents, compared with 14 cents in the same period last year.

Excluding items, adjusted net income was 16 cents a share, up from 15 cents a share, in the prior-year period.

Revenue rose 8 percent to $262.5 million.

Analysts on average were expecting earnings of 18 cents a share, on revenue of $256.3 million, according to Thomson Reuters I/B/E/S.

For 2010, IESI-BFC expects revenue of $1.07 billion to $1.10 billion. Analysts were expecting revenue of $1.17 billion for the year.

Shares of IESI-BFC closed at C$18.45 Tuesday on the Toronto Stock Exchange. (Reporting by R. Manikandan in Bangalore; Editing by Ratul Ray Chaudhuri)

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