HOUSTON (AP) — HOUSTON (AP) — Waste Management Inc. (WM) on Tuesday reported first-quarter earnings of $723 million.
On a per-share basis, the Houston-based company said it had profit of $1.79. Earnings, adjusted for one-time gains and costs, came to $1.81 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.75 per share.
The garbage and recycling hauler posted revenue of $6.23 billion in the period, which fell short of Street forecasts. Nine analysts surveyed by Zacks expected $6.29 billion.
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