Investors got a split decision when Waste Management Inc. (NYSE: WM) reported earnings after the market closed on April 28. Earnings per share (EPS) of $1.67 beat analysts’ forecasts by eight cents. However, revenue came in at $6.02 billion, which was 1.4% lower than the $6.14 billion that was expected. To add more context, even with the miss, the company’s revenue still came in 16.7% higher on a year-over-year (YOY) basis.
WM stock dipped about 1% after the report, but quickly made up that gain and more. That puts the stock within striking distance of its all-time high, which was set at the beginning of April.
