FX.co ★ Waste Management Inc Q1 Profit Increases, beats estimates

Waste Management Inc (WM) has reported an increase in its earnings for the first quarter, surpassing financial predictions. The profit of the company amounted to $708 million, equivalent to $1.75 per share, a substantial increase from the previous year's first quarter where it recorded $533 million, or $1.30 per share.

In terms of adjusted earnings, when special items are excluded, Waste Management Inc reported profits reaching $706 million or $1.75 per share for the given period. These figures outperformed the expectations of the analysts, who approximated the company to earn $1.50 per share. This estimate was aggregated by Thomson Reuters excluding special items that could influence the result.

The company displayed a positive performance overall, with its quarterly revenue witnessing a 5.5% growth, jumping from last year's $4.89 billion to $5.16 billion this year.

To recap, the financial performance of Waste Management Inc for the first quarter based on Generally Accepted Accounting Principles (GAAP) were:

- Earnings: $708 million versus $533 million for the same period last year.

- Earnings Per Share (EPS): $1.75, compared to last year's $1.30.

- Revenue: A growth from $4.89 billion last year to $5.16 billion now.