Waste Management reported third quarter earnings that beat analyst's expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.15 on revenue of $3.82B. Analysts polled by anticipated EPS of $1.11 on revenue of $3.85B. That compared to EPS of $0.89 on revenue of $3.72B in the same period a year earlier. The company had reported EPS of $1.01 on revenue of $3.74B in the previous quarter.
Waste Management shares slightly moved 0.00% to trade at $87.22 in pre-market trade following the report.
For the year, Waste Management shares are up 1.24%, outperforming the S&P 500 which is down 1.03% year to date.
Waste Management follows other major Services sector earnings this month
On Wednesday, Visa (NYSE:V) reported fourth quarter EPS of $1.21 on revenue of $5.43B, compared to forecasts of EPS of $1.2 on revenue of $5.43B.
Verizon (NYSE:VZ) earnings beat analyst's expectations on Tuesday, with third quarter EPS of $1.22 on revenue of $32.61B. analysts expected EPS of $1.19 on revenue of $32.49B
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