Waste Management shares up after upbeat 2025 revenue forecast

Waste Management

30/01/2025 13:33

Jan 30 (Reuters) - Waste management Inc's  WM.N  shares
rose about 2% premarket on Thursday,  a day after it forecast
2025 revenue above Wall Street estimates, expecting to benefit
from higher prices for garbage collection and disposal.
    Waste Management is one of the two publicly traded
companies, along with Republic Services  RSG.N , which provide
garbage collection and disposal services across the United
States.
        The Houston, Texas-based company expects 2025 revenue
between $25.55 billion and $25.8 billion, compared with
analysts' estimates of $25.46 billion, according to data
compiled by LSEG. 
  
    The company expects 2025 core prices, a key performance
metric indicating price changes for garbage collection and
disposal, to rise between 5.8% and 6.2%.
    However, adjusted profit for the fourth quarter ended Dec 31
came in at $1.70 per share, lower than analysts' estimates of
$1.79 per share. 
    Its total revenue for the quarter rose about 13% to $5.89
billion. Analysts expected revenue of $5.77 billion.
     

 (Reporting by Anshuman Tripathy and Aishwarya Jain in
Bengaluru; Editing by Alan Barona and Tasim Zahid)
 ((Anshuman.Tripathy@thomsonreuters.com))