Waste Management
Inc. posted earnings that fell short of analysts' expectations, citing lower
volumes and higher costs related to unusually harsh winter weather.
But the company
expects earnings to rise by as much as 21 percent this year.
Before adjusting for
unusual items, the company said it earned $39 million, compared with a loss of
$115 million a year earlier.
Revenues for the
quarter fell 14 percent to $2.88 billion, from $3.34 billion in the year-ago
period.
For the full year
2000, revenues of $12.49 billion were reported, as compared to $13.13 billion
in 1999. Full year net loss for 2000 was $97 million, compared with a net loss
of $398 million in 1999.
Explore the March 2001 Issue
Check out more from this issue and find your next story to read.
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