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

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.

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Comments (1)
  • TwistTie
    , contributor
    Comments (2476) | Send Message
     
    Generally and lately, lower forward guidance tends to be a bad thing.

     

    Maybe since the guidance is coming into the consensus range, we breathe a sigh of relief?

     

    I'm long WM via LEAPs. I need a tailwind.
    31 Oct 2012, 11:51 AM Reply Like
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