Waste Management (NYSE:WM) reported on Wednesday first quarter earnings that matched analysts' forecasts and revenue that was inline with expectations.
Waste Management announced earnings per share of $0.93 on revenue of $3.73B. Analysts polled by anticipated EPS of $0.93 on revenue of $3.73B. That with comparison to EPS of $0.94 on revenue of $3.7B in the same period a year before. Waste Management had reported EPS of $1.19 on revenue of $3.85B in the previous quarter. Analysts are expecting EPS of $0.78 and revenue of $3.48B in the upcoming quarter.
Waste Management shares are down 13.11% from the beginning of the year , still down 21.90% from its 52 week high of $126.79 set on February 19. They are under-performing the S&P 500 which is down 11.6% year to date.
Waste Management follows other major Services sector earnings this month
Waste Management's report follows an earnings missed by Amazon.com on April 30, who reported EPS of $5.01 on revenue of $75.45B, compared to forecasts EPS of $6.16 on revenue of $73.74B.
Visa A had beat expectations on April 30 with second quarter EPS of $1.39 on revenue of $5.85B, compared to forecast for EPS of $1.34 on revenue of $5.72B.
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