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?
Source Fool.com