Originally published at www.seclive.com
Waste Management, Inc. (NYSE:WM) announced its financial results for the fourth quarter and full 2014 fiscal year, posting revenues that improved from a year ago. Fourth quarter revenues of $3.50B beat the year-ago quarter's revenue of $3.43B as the company continues to grow and expand its operations; annual revenues were up similarly from $13.65B to $13.98B. The Houston-based company posted adjusted quarterly earnings of $263M and $0.56 per share, down slightly from the $267M and $0.57 per share a year ago. The quarterly results were weighed down in part to impairments related to goodwill as well as some post-collection assets and investments. President and CEO David Steiner commented that the company performed well during the year, with the business growing strongly and its margins seeing improvement.
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