On July 29, Waste Management fell 3.1% in pre-market trading, trading at $232.0/share, with turnover of $461,300. The decline follows the company issuing full-year revenue guidance that came in below Wall Street expectations.

Waste Management provided its fiscal year revenue outlook of $26.275 billion to $26.475 billion, falling short of the FactSet consensus estimate of $26.55 billion. The guidance was released following the company's quarterly earnings report on July 28 after market close. The midpoint of the guidance range implies a shortfall of approximately $175 million versus analyst expectations, signaling potential headwinds in the waste services business.

Within the Environmental and Facilities Services sector where Waste Management belongs, peers showed mixed performance. Among individual stocks, Clean Harbors up 4.06%, Veralto Corporation up 1.62%, Republic up 1.37%, Waste Connections down 0.24%, Rollins down 1.03%.

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