Waste Management Inc Q4 Profit Increases, But Misses Estimates

(RTTNews) - Waste Management Inc (WM) released a profit for its fourth quarter that increased from last year but missed the Street estimates.

The company's bottom line came in at $598 million, or $1.48 per share. This compares with $493 million, or $1.22 per share, last year.

Excluding items, Waste Management Inc reported adjusted earnings of $688 million or $1.70 per share for the period.

Analysts on average had expected the company to earn $1.80 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 14.9% to $5.893 billion from $5.127 billion last year.

Waste Management Inc earnings at a glance (GAAP) :

-Earnings: $598 Mln. vs. $493 Mln. last year. -EPS: $1.48 vs. $1.22 last year. -Revenue: $5.893 Bln vs. $5.127 Bln last year.