Waste Management Inc Q1 adjusted earnings Beat Estimates

(RTTNews) - Waste Management Inc (WM) reported a profit for its first quarter that increased from the same period last year.

The company's bottom line came in at $421 million, or $0.99 per share. This compares with $361 million, or $0.85 per share, in last year's first quarter.

Excluding items, Waste Management Inc reported adjusted earnings of $450 million or $1.06 per share for the period.

Analysts had expected the company to earn $1.01 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.2% to $4.11 billion from $3.73 billion last year.

Waste Management Inc earnings at a glance:

-Earnings (Q1): $450 Mln. vs. $395 Mln. last year. -EPS (Q1): $1.06 vs. $0.93 last year. -Analysts Estimate: $1.01 -Revenue (Q1): $4.11 Bln vs. $3.73 Bln last year.