— Waste Management (NYSE: WM) reported third quarter 2019 earnings of $1.19 per share vs. $1.14 per share expected.
— Third quarter 2019 GAAP earnings remained unchanged at $1.16 per share compared with the third quarter of 2018.
— Revenue grew 4% to $3.97 billion vs. $4 billion expected.
— Fiscal year 2019 adjusted earnings pegged to be in the range of $4.28 to $4.38 per share.
— For FY19, Waste Management expects the recycling line of business to be a $0.01 to $0.02 per diluted share headwind and the sale of its renewable natural gas credits to be a $0.03 to $0.04 per diluted share headwind.
— WM stock, which hit a 52-week high ($121.77) on September 5, 2019, edged down 0.3% yesterday.
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The fast-food industry is among the worst affected by the inflation-induced dip in consumer confidence, which is weighing on the demand for discretionary items. Domino’s Pizza, Inc. (NYSE: DPZ) is
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