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Waste Management: 2Q Earnings Snapshot

July 25, 2019

HOUSTON (AP) _ Waste Management Inc. (WM) on Thursday reported second-quarter earnings of $381 million.

On a per-share basis, the Houston-based company said it had profit of 89 cents. Earnings, adjusted to extinguish debt and for non-recurring costs, came to $1.11 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.07 per share.

The garbage and recycling hauler posted revenue of $3.95 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $3.94 billion.

Waste Management expects full-year earnings in the range of $4.28 to $4.38 per share.

Waste Management shares have climbed 30% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 20%. The stock has increased 42% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WM at https://www.zacks.com/ap/WM

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