Waste Management Inc Q1 Profit Increases, beats estimates

(RTTNews) - Waste Management Inc (WM) released a profit for its first quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $533 million, or $1.30 per share. This compares with $513 million, or $1.23 per share, in last year's first quarter.

Excluding items, Waste Management Inc reported adjusted earnings of $535 million or $1.31 per share for the period.

Analysts on average had expected the company to earn $1.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 4.9% to $4.89 billion from $4.66 billion last year.

Waste Management Inc earnings at a glance (GAAP) :

-Earnings (Q1): $533 Mln. vs. $513 Mln. last year. -EPS (Q1): $1.30 vs. $1.23 last year. -Analyst Estimate: $1.29 -Revenue (Q1): $4.89 Bln vs. $4.66 Bln last year.