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Covanta: 2Q Earnings Snapshot

July 25, 2019

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.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVA at https://www.zacks.com/ap/CVA

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