Waste Management Shares Under Pressure Following Disappointing Earnings

Waste Management, the North American waste management leader, faces investor skepticism after reporting third-quarter results that fell short of market expectations. The company’s downward revision of its full-year outlook has triggered a significant sell-off, raising questions about whether the stock’s decline has reached its bottom.

The immediate market response was decisive. Following the earnings release, the stock dropped 2.1% in after-hours trading, then extended losses with an additional 3.8% decline the following session. This downward movement pushed shares to a fresh 52-week low.

The quarterly performance revealed several concerning trends. Waste Management posted adjusted earnings of $1.98 per share, missing the anticipated range of $2.01 to $2.02. Revenue of $6.44 billion also came Read more...