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Covanta Holding Corporation Q3 Income Falls

Covanta Holding Corporation (CVA) released a profit for third quarter that fell from last year.

The company's earnings came in at $5 million, or $0.04 per share. This compares with $14 million, or $0.10 per share, in last year's third quarter.

Analysts had expected the company to earn -$0.02 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 5.6% to $491 million from $465 million last year.

Covanta Holding Corporation earnings at a glance:

-Earnings (Q3): $5 Mln. vs. $14 Mln. last year.
-EPS (Q3): $0.04 vs. $0.10 last year.
-Analysts Estimate: -$0.02
-Revenue (Q3): $491 Mln vs. $465 Mln last year.

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