Waste Management Inc Q3 Profit Rises, Beats estimates

(RTTNews) - Waste Management Inc (WM) released earnings for its third quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $663 million, or $1.63 per share. This compares with $639 million, or $1.54 per share, in last year's third quarter.

Analysts on average had expected the company to earn $1.61 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.4% to $5.20 billion from $5.08 billion last year.

Waste Management Inc earnings at a glance (GAAP) :

-Earnings (Q3): $663 Mln. vs. $639 Mln. last year. -EPS (Q3): $1.63 vs. $1.54 last year. -Analyst Estimate: $1.61 -Revenue (Q3): $5.20 Bln vs. $5.08 Bln last year.