Waste Management shares up after upbeat 2025 revenue forecast

Jan 30 (Reuters) - Waste management Inc's WM.N shares rose about 2% premarket on Thursday, a day after it forecast 2025 revenue above Wall Street estimates, expecting to benefit from higher prices for garbage collection and disposal.

Waste Management is one of the two publicly traded companies, along with Republic Services RSG.N, which provide garbage collection and disposal services across the United States.

The Houston, Texas-based company expects 2025 revenue between $25.55 billion and $25.8 billion, compared with analysts' estimates of $25.46 billion, according to data compiled by LSEG.

The company expects 2025 core prices, a key performance metric indicating price changes for garbage collection and disposal, to rise between 5.8% and 6.2%.

However, adjusted profit for the fourth quarter ended Dec 31 came in at $1.70 per share, lower than analysts' estimates of $1.79 per share.

Its total revenue for the quarter rose about 13% to $5.89 billion. Analysts expected revenue of $5.77 billion.