The U.S. garbage industry has long worked on the principle that people produce trash in good times and in bad, but even rubbish volumes dropped during the 2008 recession. Now, with volumes far from fully recovering, waste companies have their eye on a tough business to win -- the potential $8 billion household trash market jealously guarded by authorities in some of the country's biggest cities.Companies such as Waste Management Inc, Republic Services Inc and Veolia ES Solid Waste Inc have been hit hard by the reduced waste volumes.Waste Management's revenue growth has slowed for three straight quarters, while Republic's revenue fell in the last quarter, after a string of flat results.Analysts expect both Waste Management and Republic to report a drop in profit and flat revenue growth compared with a year earlier, when they report third-quarter results in two weeks.
Republic Services, Inc. (Republic) is a provider of services in the domestic non-hazardous solid waste industry. Shares of RSG fell by 1.39% or $-0.39/share to $27.64. In the past year, the shares have traded as low as $25.15 and as high as $31.32. On average, 2194520 shares of RSG exchange hands on a given day and today's volume is recorded at 1078272.
Waste Management, Inc. (WM) is a provider of waste management services in North America. Shares of WM traded higher by 0.62% or $0.2/share to $32.52. In the past year, the shares have traded as low as $29.77 and as high as $36.35. On average, 3731630 shares of WM exchange hands on a given day and today's volume is recorded at 1003419.
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