Waste Management hits over one-month low after second-quarter results miss

Waste Management

25/07/2024 16:51

** Shares of Waste Management  WM.N  fall 6.8% to $202.61 in
day trading, its lowest since June 14
    ** Company posts Q2 revenue of $5.40 bln, below analysts'
estimates of $5.43 bln - LSEG data
    ** Reports adj. earnings of $1.82​​/shr vs expectations of
$1.83/shr
    ** Quarterly expenses rose 5.2% y-o-y, while volume in WM's
largest segment, collection and disposal, declined 0.3%
    ** Eleven of 23 brokerages rate stock "buy" or higher and 12
"hold"; their median PT is $226 - LSEG
    ** Including session's moves, WM up 13.16% YTD, compared
with a 14.14% increase in S&P 500 index  .SPX 

 (Reporting by Nikhil Sharma in Bengaluru)
 ((Nikhil.Sharma@thomsonreuters.com;))