Waste Management stock closes higher following strong fourth-quarter financial results

Waste Management, Inc. (NYSE:WM) shares rose nearly 2 percent in the previous trading session after the company posted its earnings and revenue for the fourth quarter that left behind the consensus forecast.

The Houston, Texas-based company reported earnings of $2.06 per share in the latest quarter, as compared to 75 cents per share in the year-ago quarter. On an adjusted basis, earnings climbed to 85 cents per share, above 83 cents per share projected by analysts.

Revenue for the quarter came in at $3.65 billion, up 5.5 percent from the same period last year, and above consensus forecast of $3.57 billion.
Looking forward, the company is anticipating profit in a range of $3.97 per share to $4.05 per share for 2018.

Comparatively, analysts were looking for earnings of $3.67 per share.
Waste Management shares ended the day at $84.02 on Thursday. The 52-week range of the stock is $69.55-$89.73. The company’s market cap is $84.02.