Waste Management Profit Up on Gains
Waste Management Inc., the nation's largest garbage hauler, said Wednesday its fourth-quarter profit rose 26 percent on tax benefits and the sale of some operations, though higher fuel prices cut into income. The company said earnings rose to $309 million, or 61 cents per share, in the three months ended Dec. 31 versus $246 million, or 46 cents per share, a year earlier. Revenue increased to $3.36 billion from $3.28 billion in the year-ago period.