trending Market Intelligence /marketintelligence/en/news-insights/trending/lewdlMk_KKd0u2-ERIyAlw2 content esgSubNav
In This List

Waste Management Q2 profit falls YOY

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Waste Management Q2 profit falls YOY

Waste Management Inc. said its normalized net income for the second quarter amounted to 54 cents per share, compared with the S&P Capital IQ consensus estimate of 63 cents per share.

EPS fell year over year from 56 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $249.1 million, a decline from $261.8 million in the year-earlier period.

The normalized profit margin increased to 7.5% from 7.4% in the year-earlier period.

Total revenue decreased 6.9% year over year to $3.31 billion from $3.56 billion, and total operating expenses fell 6.2% on an annual basis to $2.81 billion from $2.99 billion.

Reported net income rose 30.5% on an annual basis to $274.8 million, or 60 cents per share, from $210.6 million, or 45 cents per share.