Wedbush Raised Price Target on Waste Management (WM) to $60 as EPS Beat was Offset by Expenses

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Go back to Wedbush Raised Price Target on Waste Management (WM) to $60 as EPS Beat was Offset by Expenses

Waste Management Announces Fourth Quarter and Full-Year 2015 Earnings

February 18, 2016 7:30 AM EST

Company exceeds 2015 expectations
Expects continued momentum through 2016

HOUSTON--(BUSINESS WIRE)-- Waste Management, Inc. (NYSE: WM) today announced financial results for its quarter ended December 31, 2015. Revenues for the fourth quarter of 2015 were $3.25 billion compared with $3.44 billion for the same 2014 period. Net income for the quarter was $273 million, or $0.61 per diluted share, compared with net income of $590 million, or $1.28 per diluted share, for the fourth quarter of 2014. On an as-adjusted basis, net income would have been $320 million, or $0.71 per diluted share, in the fourth quarter of 2015 compared with $278 million, or $0.60 per... More