Waste Management Inc (WM) revealed a profit for its first quarter that gained ground compared to the same period last year.
The company said its bottom line climbed to $258 million, or $0.58 per share. This was higher than $227 million, or $0.49 per share, in last year's first quarter.
Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 4.6% to $3.18 billion. This was up from $3.04 billion last year.
Waste Management Inc earnings at a glance:
-Earnings (Q1): $258 Mln. vs. $227 Mln. last year.
-Earnings Growth (Y-o-Y): 13.7%
-EPS (Q1): $0.58 vs. $0.49 last year.
-EPS Growth (Y-o-Y): 18.4%
-Analysts Estimate: $0.55
-Revenue (Q1): $3.18 Bln vs. $3.04 Bln last year.
-Revenue Change (Y-o-Y): 4.6%
-Guidance:
Full year EPS guidance: $2.74 - $2.79
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