Waste Management Inc Q2 Profit Increases, Beats Estimates

(RTTNews) - Waste Management Inc (WM) revealed a profit for its second quarter that Increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $726 million, or $1.80 per share. This compares with $680 million, or $1.69 per share, last year.

Excluding items, Waste Management Inc reported adjusted earnings of $777 million or $1.92 per share for the period.

Analysts on average had expected the company to earn $1.89 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 19.0% to $6.430 billion from $5.402 billion last year.

Waste Management Inc earnings at a glance (GAAP) :

-Earnings: $726 Mln. vs. $680 Mln. last year. -EPS: $1.80 vs. $1.69 last year. -Revenue: $6.430 Bln vs. $5.402 Bln last year.