the republic logo

Waste Management beats 2Q earnings and revenue expectations


HOUSTON — Waste Management Inc. (WM) on Thursday reported second-quarter profit of $274 million.

On a per-share basis, the Houston-based company said it had net income of 60 cents. Earnings, adjusted for non-recurring costs, came to 67 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The garbage and recycling hauler posted revenue of $3.32 billion in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $3.29 billion.

Waste Management expects full-year earnings in the range of $2.48 to $2.55 per share.

Waste Management shares have dropped nearly 7 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 3 percent. The stock has increased roughly 8 percent in the last 12 months.


This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on WM at


Keywords: Waste Management, Earnings Report

Think your friends should see this? Share it with them!

Story copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Feedback, Corrections and Other Requests: AP welcomes feedback and comments from readers. Send an email to and it will be forwarded to the appropriate editor or reporter.

We also have more stories about:
(click the phrases to see a list)


Follow The Republic:

All content copyright ©2015 The Republic, a division of Home News Enterprises unless otherwise noted.
All rights reserved. Privacy policy.