Covanta Holding (CVA) Misses Q2 EPS by 7c, Beat on Revenues; Reaffirms FY17 Guidance

Covanta Holding (NYSE: CVA) reported Q2 EPS of ($0.22), $0.07 worse than the analyst estimate of ($0.15). Revenue for the quarter came in at $418 million versus the consensus estimate of $416.3 million.

Key Highlights

• Reaffirming 2017 guidance
• Dublin remains on track for commercial operations by the start of Q4 2017
• Fairfax expected to return to service in Q4 2017
• Strong waste market conditions and growth in Covanta Environmental Solutions
• Expanded centralized metals processing operations to include non-ferrous
• Enhanced UK development pipeline through Joint Development Agreement with Biffa for two new projects

For earnings history and earnings-related data on Covanta Holding (CVA) click here.

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