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NEW YORK (TheStreet) -- Shares of Waste Management (WM) - Get Waste Management, Inc. Report were increasing at the start of trading on Wednesday after the company posted better-than-expected results for the 2016 third quarter and boosted its full-year guidance.

Before the market open, the Houston-based waste management services provider reported adjusted earnings of 84 cents per diluted share, topping analysts' estimates of 80 cents per share.

Revenue for the period was $3.55 billion, while analysts were looking for $3.50 billion.

"In 2016, we have seen three consecutive quarters of strong price, positive volume, and better than expected earnings performance. As a result, we are again raising our adjusted diluted earnings per share guidance for 2016," CEO David Steiner said in a statement.

For 2016, Waste Management now sees adjusted earnings per diluted share of at least $2.91 compared to its prior range of $2.83 per share to $2.86 per share.

Analysts are expecting earnings of $2.86 per share for the full year.

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Separately, TheStreet Ratings Team has a "Buy" rating with a score of A on the stock.

The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth, notable return on equity, expanding profit margins and growth in earnings per share.

The team believes its strengths outweigh the fact that the company has had generally high debt management risk by most measures that were evaluated.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: WM

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