Waste Management: Q2 Earnings Snapshot
By AP News
Published - Jul 25, 2023, 05:19 PM ET
Last Updated - Jul 25, 2023, 05:19 PM EDT
HOUSTON (AP) — HOUSTON (AP) — Waste Management Inc. (WM) on Tuesday reported second-quarter net income of $615 million.
On a per-share basis, the Houston-based company said it had profit of $1.51.
The results did not meet Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $1.54 per share.
The garbage and recycling hauler posted revenue of $5.12 billion in the period, also missing Street forecasts. Nine analysts surveyed by Zacks expected $5.21 billion.
