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HOUSTON (AP) — HOUSTON (AP) — Waste Management Inc. (WM) on Monday reported first-quarter earnings of $637 million.
On a per-share basis, the Houston-based company said it had net income of $1.58. Earnings, adjusted for costs related to mergers and acquisitions and asset impairment costs, were $1.67 per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.65 per share.
The garbage and recycling hauler posted revenue of $6.02 billion in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $6.1 billion.
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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