Waste Management Inc (WM) has reported an increase in its earnings for the first quarter, surpassing financial predictions. The profit of the company amounted to $708 million, equivalent to $1.75 per share, a substantial increase from the previous year's first quarter where it recorded $533 million, or $1.30 per share.
In terms of adjusted earnings, when special items are excluded, Waste Management Inc reported profits reaching $706 million or $1.75 per share for the given period. These figures outperformed the expectations of the analysts, who approximated the company to earn $1.50 per share. This estimate was aggregated by Thomson Reuters excluding special items that could influence the result.
The company displayed a positive performance overall, with its quarterly revenue witnessing a 5.5% growth, jumping from last year's $4.89 billion to $5.16 billion this year.
To recap, the financial performance of Waste Management Inc for the first quarter based on Generally Accepted Accounting Principles (GAAP) were:
- Earnings: $708 million versus $533 million for the same period last year.
- Earnings Per Share (EPS): $1.75, compared to last year's $1.30.
- Revenue: A growth from $4.89 billion last year to $5.16 billion now.
