Movement Alert|Waste Management Falls 3.15% in Regular Trading, Revenue Guidance Misses Analyst Expectations

Market Focus07-30

On July 30, Waste Management declined 3.15% in regular trading, trading at $225.995/share, with turnover of $108 million.

The decline follows the company's latest revenue guidance, which came in below Wall Street expectations. Waste Management issued full-year revenue guidance of $26.275 billion to $26.475 billion, with the midpoint of approximately $26.375 billion falling short of the FactSet consensus estimate of $26.55 billion by roughly $175 million. The guidance was released shortly after the company reported quarterly earnings on July 28.

Within the Environmental & Facilities Services sector where Waste Management belongs, the overall sector showed broad weakness. Among individual stocks, GFL Environmental Holdings Inc. up 0.87%, Rollins down 4.41%, Republic down 4.26%, Veralto Corporation down 4.68%, Rentokil Initial PLC down 19.84%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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