Waste Management Inc Announces 14% Advance In Q1 Bottom Line

(RTTNews) - Waste Management Inc (WM) revealed a profit for its first quarter that gained ground compared to the same period last year.

The company said its bottom line climbed to $258 million, or $0.58 per share. This was higher than $227 million, or $0.49 per share, in last year's first quarter.

Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.6% to $3.18 billion. This was up from $3.04 billion last year.

Waste Management Inc earnings at a glance:

-Earnings (Q1): $258 Mln. vs. $227 Mln. last year. -Earnings Growth (Y-o-Y): 13.7% -EPS (Q1): $0.58 vs. $0.49 last year. -EPS Growth (Y-o-Y): 18.4% -Analysts Estimate: $0.55 -Revenue (Q1): $3.18 Bln vs. $3.04 Bln last year. -Revenue Change (Y-o-Y): 4.6%

-Guidance: Full year EPS guidance: $2.74 - $2.79