HOUSTON (AP) — HOUSTON (AP) — Waste Management Inc. (WM) on Monday reported third-quarter profit of $603 million.
On a per-share basis, the Houston-based company said it had net income of $1.49. Earnings, adjusted for non-recurring costs, were $1.98 per share.
The results did not meet Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $2.01 per share.
The garbage and recycling hauler posted revenue of $6.44 billion in the period, which also fell short of Street forecasts. Twelve analysts surveyed by Zacks expected $6.49 billion.
Waste Management expects full-year revenue of $25.28 billion.
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