Casella Waste Systems (CWST) saw its stock price surge 5.32% in after-hours trading on Thursday, following the release of its third-quarter earnings report that exceeded analyst expectations across multiple metrics.

The waste management company reported Q3 revenue of $485.4 million, surpassing the IBES estimate of $477.3 million. Adjusted EBITDA for the quarter came in at $119.9 million, also beating the expected $117.1 million. Notably, Casella's adjusted net income reached $26.6 million, significantly outperforming the IBES estimate of $20.9 million.

Adding to the positive sentiment, Casella Waste Systems provided a robust outlook for the full year. The company projects annual revenue between $1,830 million and $1,840 million, with net income expected to range from $8 million to $18 million. These strong results and optimistic guidance likely contributed to investors' enthusiasm, driving the stock's after-hours rally.