By Sabela Ojea
Shares of Waste Management on Thursday rose a day after the company guided for higher-than-expected revenue in 2025 and its adjusted earnings beat fourth-quarter analyst targets.
The stock was up 5% top $220.10 in morning trading. Shares have jumped 18% over the past year.
The Houston-based garbage-and-recycling company on Wednesday said it expects to close 2025 with revenue of $25.55 billion to $25.80 billion, up from $22.06 billion in 2024.
Analysts polled by FactSet expect lower 2025 revenue of $25.54 billion.
"This year has started off strong and we are confident in our ability to maintain this trajectory as we continue to focus on strong operational performance and service delivery, strategic investments in growth, and delivering superior value to our shareholders," Chief Executive Jim Fish said.
For the fourth quarter, WM posted a net profit of $598 million, or $1.48 a share, compared with $493 million, or $1.22 a share, for the same period a year earlier.
Stripping out one-time items, the company's earnings per share came in at $1.70. Wall Street had expected adjusted earnings of $1.80 per share.
Revenue climbed 13% to $5.89 billion, beating the $5.84 billion expected by Wall Street.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
January 30, 2025 11:58 ET (16:58 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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