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Covanta Holding: Q3 Earnings Insights

Benzinga Insights
·1 min read

Shares of Covanta Holding (NYSE:CVA) increased 7.22% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share decreased 20.00% over the past year to $0.08, which beat the estimate of ($0.02).

Revenue of $491,000,000 up by 5.59% from the same period last year, which beat the estimate of $462,990,000.

Outlook

Covanta Holding hasn't issued any earnings guidance for the time being.

View more earnings on CVA

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

52-week high: $16.13

Company's 52-week low was at $6.57

Price action over last quarter: down 23.37%

Company Description

Covanta Holding Corp is a holding company engaged in the businesses of waste and energy services. It is engaged in the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. The firm generates its income in the form of waste and service revenue, energy revenue, recycled metals revenue, and other operating income. Geographically, the company operates in the United States.

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