Covanta: 2Q Earnings Snapshot
MORRISTOWN, N.J. (AP) _ Covanta Holding Corp. (CVA) on Thursday reported a loss of $21 million in its second quarter.
On a per-share basis, the Morristown, New Jersey-based company said it had a loss of 16 cents.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.
The waste disposal and renewable energy company posted revenue of $467 million in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $462.8 million.
Covanta shares have climbed 29% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $17.26, a climb of 6% in the last 12 months.