HOUSTON (AP) — HOUSTON (AP) — Waste Management Inc. (WM) on Wednesday reported first-quarter net income of $533 million.

On a per-share basis, the Houston-based company said it had net income of $1.30. Earnings, adjusted for non-recurring costs, were $1.31 per share.

The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.27 per share.

The garbage and recycling hauler posted revenue of $4.89 billion in the period, also topping Street forecasts. Eight analysts surveyed by Zacks expected $4.84 billion.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WM at https://www.zacks.com/ap/WM

For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News