Wednesday, Covanta Holding Corp. (CVA) reported third-quarter net income attributable to Covanta Holding Corp. of $40.9 million or $0.26 per share, compared to net income of $47.1 million or $0.30 per share in the same quarter last year.
Excluding the transaction expense related to the acquisition of Veolia Energy-from-Waste facilities earnings for the quarter were $0.28 per share, down from $0.30 per share in the prior year quarter.
On average, nine analysts polled by Thomson Reuters expected the company to earn $0.24 per share for the quarter. Analysts' estimates typically exclude special items.
Operating revenues for the quarter were $409 million, down 7% from $439 million in the comparable quarter last year. Analysts expected the company to report revenue of $387.85 million for the quarter.
Looking ahead to the full year 2009, the company reaffirmed its earnings guidance range of $0.65 - $0.80 per share. Analysts currently anticipate the company to earn $0.69 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.