U.S. markets closed
  • S&P 500

    4,128.80
    +31.63 (+0.77%)
     
  • Dow 30

    33,800.60
    +297.03 (+0.89%)
     
  • Nasdaq

    13,900.19
    +70.88 (+0.51%)
     
  • Russell 2000

    2,243.47
    +0.88 (+0.04%)
     
  • Crude Oil

    59.34
    -0.26 (-0.44%)
     
  • Gold

    1,744.10
    -14.10 (-0.80%)
     
  • Silver

    25.33
    -0.26 (-1.02%)
     
  • EUR/USD

    1.1905
    -0.0016 (-0.13%)
     
  • 10-Yr Bond

    1.6660
    +0.0340 (+2.08%)
     
  • GBP/USD

    1.3707
    -0.0028 (-0.20%)
     
  • USD/JPY

    109.6300
    +0.3660 (+0.33%)
     
  • BTC-USD

    59,718.83
    -1,338.64 (-2.19%)
     
  • CMC Crypto 200

    1,235.89
    +8.34 (+0.68%)
     
  • FTSE 100

    6,915.75
    -26.47 (-0.38%)
     
  • Nikkei 225

    29,768.06
    +59.08 (+0.20%)
     

Waste Management: 4Q Earnings Snapshot

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

HOUSTON (AP) _ Waste Management Inc. (WM) on Thursday reported fourth-quarter profit of $531 million.

The Houston-based company said it had net income of $1.24 per share. Earnings, adjusted for asset impairment gains and pretax gains, came to $1.13 per share.

The results topped 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 $3.84 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $3.79 billion.

For the year, the company reported profit of $1.93 billion, or $4.45 per share. Revenue was reported as $14.91 billion.

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

Waste Management shares have risen 11 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed roughly 10 percent. The stock has risen 22 percent in the last 12 months.

_____

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