Waste Management: Q1 Earnings Snapshot

April 26, 2022 GMT

HOUSTON (AP) _ Waste Management Inc. (WM) on Tuesday reported first-quarter profit of $513 million.

On a per-share basis, the Houston-based company said it had profit of $1.23. Earnings, adjusted for non-recurring costs, came to $1.29 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.

The garbage and recycling hauler posted revenue of $4.66 billion in the period, also exceeding Street forecasts. Seven analysts surveyed by Zacks expected $4.45 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