Waste Management Q2 Profit Rises - Quick Facts

(RTTNews) - Waste Management, Inc. (WM) reported that its second-quarter net income increased to $244 million, or $0.52 per share, from $208 million, or $0.45 per share, last year.

The company noted that its results in the second quarter of 2013 included approximately $8 million of after-tax charges primarily from an asset impairment. Excluding these costs, net income would have been $252 million, or $0.54 per share, for the quarter.

On average, ten analysts polled by Thomson Reuters expected the company to report profit per share of $0.55 for the quarter. Analysts' estimates typically exclude special items.

Revenues for the second quarter of 2013 were $3.53 billion compared to $3.46 billion for the same 2012 period. Analysts expected revenue of $3.55 billion for the quarter.