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WMX TECHNOLOGIES ANNOUNCES SECOND QUARTER EARNINGS EXPECTATIONS

 OAK BROOK, Ill., June 21 /PRNewswire/ -- WMX Technologies Inc. today said it expected its second quarter 1993 results to be impacted slightly by a decline in the earnings of its Chemical Waste Management Inc. (NYSE: CHW) subsidiary but said it saw modest improvement in its North American solid waste operations and said results for its other publicly traded operating subsidiaries should be within the ranges forecast by leading industry financial analysts.
 The company said it expects its earnings in the second quarter to be reduced by $.02 to $.03 per share from leading industry financial analysts' consensus estimates of $.45 to $.46 per share due to Chemical Waste Management's results.
 WMX noted that the second quarter results for its Wheelabrator Technologies Inc. (NYSE: WTI), Waste Management International plc and Rust International Inc. operating subsidiaries indicate that they should perform comfortably within the ranges that analysts expect.
 Chemical Waste Management reported today that it was continuing to experience disposal volume shortfalls from cleanup projects and reduced pricing for its hazardous waste incineration services. CWM said it expected to report lower second quarter 1993 earnings compared with the year-earlier period.
 WMX Technologies Inc., formerly Waste Management Inc., is the leading international environmental services company. Its operating companies include the Waste Management Inc. North American solid waste operations, Chemical Waste Management, Wheelabrator Technologies, Rust International and Waste Management International.
 -0- 6/21/93
 /CONTACT: Bill Plunkett, 708-572-8898, or Bruce Tobecksen, analysts, 708-572-8698/
 (CHW WTI)


CO: WMX Technologies, Inc. ST: Illinois IN: ENV SU: ERP

TM -- NY093 -- 4248 06/21/93 18:35 EDT
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Publication:PR Newswire
Date:Jun 21, 1993
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