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))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。