Is Waste Management's Growth Streak Over After a Q4 Earnings Miss?
Massive companies in boring industries aren't supposed to be fast growers. But in recent years, trash behemoth Waste Management (NYSE: WM), the top trash hauler and landfill operator in North America, has defied that sentiment. As of the end of 2019, the company's share price had risen 122.1% in five years. It continued to rise in the first weeks of 2020.
But on Feb. 13, Waste Management released Q4 2019 earnings numbers that disappointed Wall Street. Shares slid 2% in morning trading. Is this just a temporary setback or should investors be concerned that the growth machine has run out of fuel?
Waste Management, the top waste company in North America, underperformed revenue expectations in Q4 2019. Image source: Getty Images.
Source Fool.com
