HOUSTON (AP) — HOUSTON (AP) — Waste Management Inc. (WM) on Monday reported third-quarter profit of $760 million.
The Houston-based company said it had net income of $1.88 per share. Earnings, adjusted for non-recurring costs, came to $1.96 per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.86 per share.
The garbage and recycling hauler posted revenue of $5.61 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $5.5 billion.
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