Investing.com - Waste Management (NYSE:WM) reported third quarter earnings that beat analysts' expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.19 on revenue of $3.97B. Analysts polled by Investing.com forecast EPS of $1.14 on revenue of $4.01B. That compared to EPS of $1.15 on revenue of $3.82B in the same period a year earlier. The company had reported EPS of $1.11 on revenue of $3.95B in the previous quarter.
For the year, Waste Management shares are up 31.39%, outperforming the S&P 500 which is up 20.95% year to date.
Waste Management follows other major Services sector earnings this month
On Tuesday, McDonald’s reported third quarter EPS of $2.11 on revenue of $5.43B, compared to forecasts of EPS of $2.21 on revenue of $5.49B.
Costco earnings beat analyst's expectations on Thursday, October 3, 2019, with fourth quarter EPS of $2.69 on revenue of $47.5B. Investing.com analysts expected EPS of $2.54 on revenue of $47.44B
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