Waste Management (NYSE:WM) saw a 3.3% jump in shares after reporting strong second-quarter results, with revenue hitting $6.43 billion, a 19% increase year-over-year, and adjusted earnings per share of $1.92. The company’s record operating expense margin and raised full-year free cash flow guidance by $125 million, projecting $2.8 billion to $2.9 billion. The stock cooled down to $234.19 after the initial pop, up 2.7% from the previous close, signaling investor confidence in the company’s performance. Waste Management is up 16.8% year-to-date, trading close to its 52-week high of $242.10.

The market reacted positively to Waste Management’s strong second-quarter results, with shares jumping 3.3% in the afternoon session. The company’s revenue of $6.43 billion, a 19% increase year-over-year, and adjusted earnings per share of $1.92 surpassed analyst expectations. Waste Management’s acquisition of Stericycle contributed significantly to the positive results, leading to a record operating expense margin. The company also raised its full-year free cash flow guidance by $125 million, projecting a range between $2.8 billion and $2.9 billion. After the initial pop, shares cooled down to $234.19, up 2.7% from the previous close, highlighting investor confidence in the company’s performance.

Shares of Waste Management (NYSE:WM) surged 3.3% after the company reported strong second-quarter results, with revenue reaching $6.43 billion, a 19% increase year-over-year, and adjusted earnings per share of $1.92. The positive performance was driven by the acquisition of Stericycle, leading to a record operating expense margin. Waste Management also raised its full-year free cash flow guidance by $125 million, projecting a range between $2.8 billion and $2.9 billion. After the initial increase, shares cooled down to $234.19, up 2.7% from the previous close, signaling investor confidence in the company’s outlook.

Read more at StockStory: Waste Management (WM) Stock Is Up, What You Need To Know