HOUSTON (AP) — HOUSTON (AP) — Waste Management Inc. (WM) on Monday reported second-quarter net income of $726 million.
The Houston-based company said it had profit of $1.80 per share. Earnings, adjusted for costs related to mergers and acquisitions and asset impairment costs, were $1.92 per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.
The garbage and recycling hauler posted revenue of $6.43 billion in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $6.34 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
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