Waste Management (WM) Stock Drops After Earnings

Core Insights - Waste Management reported a miss on both earnings per share (EPS) and revenue, leading to a downward revision of its full-year guidance to the low end due to ongoing weakness in the recycling sector [1] Financial Performance - The company experienced a decline in EPS and revenue, indicating challenges in its operational performance [1] - Full-year guidance has been adjusted to reflect a more conservative outlook, particularly influenced by the recycling market's struggles [1] Industry Context - The recycling sector is facing significant challenges, which have adversely impacted Waste Management's financial results [1] - The overall industry may be experiencing similar pressures, suggesting a broader trend affecting waste management and recycling services [1]