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Waste Management: 4Q Earnings Snapshot

HOUSTON — Waste Management Inc. (WM) on Thursday reported fourth-quarter earnings of $447 million.

On a per-share basis, the Houston-based company said it had profit of $1.05. Earnings, adjusted for asset impairment costs and costs related to mergers and acquisitions, were $1.19 per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.17 per share.

The garbage and recycling hauler posted revenue of $3.85 billion in the period, which fell short of Street forecasts. Six analysts surveyed by Zacks expected $3.95 billion.

For the year, the company reported profit of $1.67 billion, or $3.91 per share. Revenue was reported as $15.46 billion.

Waste Management shares have increased 10% since the beginning of the year, while the Standard & Poor’s 500 index has climbed nearly 5%. The stock has risen 27% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WM at https://www.zacks.com/ap/WM

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