WASHINGTON (dpa-AFX) - Waste Management, Inc. (WM) said the company is suspending its 2020 financial guidance due to the unprecedented impact of, and uncertainty created by, the COVID-19 pandemic. The company projects a significant decrease in 2020 revenue from planned levels as a result of COVID-19, driven by volume declines in its landfill and industrial and commercial collection businesses.
First quarter adjusted net income per share was $0.93, compared to $0.94, a year ago. Revenues were $3.73 billion compared to $3.70 billion, last year.
The company has temporarily suspended share repurchases for the foreseeable future.
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