More on Waste Management (WM +2.2%) Q3: net profit -21% to $214M as revenue falls 1.7%, with a...

|About: Waste Management, Inc. (WM)|By:, SA News Editor

More on Waste Management (WM +2.2%) Q3: net profit -21% to $214M as revenue falls 1.7%, with a drop in recycling commodity prices hurting sales by $176M. Due to what WM expects to be a doubling in the impact of such prices, cuts FY EPS outlook to $2.08-$2.13 from $2.15-$2.20 previously and vs consensus of $2.11. However, doesn't expect significant headwinds from commodities in 2013.