Covetrus Announces Financial Results for Third Quarter of 2019
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Covetrus (CVET) Reports Q3 Revenue Beat
November 12, 2019 7:05 AM ESTCovetrus (NASDAQ: CVET) reported Q3 EPS of ($8.09), versus $0.22 reported last year. Revenue for the quarter came in at $1.02 billion versus the consensus estimate of $963.77 million.
GAAP net sales of $1.0 billion, an increase of 10% year-over-year; non-GAAP pro forma organic net sales increased 5% year-over-year Net loss of $906 million, including a non-cash goodwill impairment charge of $939 million; non-GAAP adjusted net income of $19 million, a decline of 10% year-over-year on a pro forma basis Non-GAAP... More