Waste Management: 3Q Earnings Snapshot

HOUSTON (AP) _ Waste Management Inc. (WM) on Thursday reported third-quarter net income of $499 million.

The Houston-based company said it had net income of $1.16 per share. Earnings, adjusted for non-recurring gains, were $1.15 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.10 per share.

The garbage and recycling hauler posted revenue of $3.82 billion in the period, which met Street forecasts.

Waste Management expects full-year earnings in the range of $4.13 to $4.15 per share.

Waste Management shares have risen 1 percent since the beginning of the year, while the Standard & Poor's 500 index has decreased nearly 1 percent. The stock has risen 12 percent 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