Covanta Holding Q1 Loss Widens - Quick Facts

(RTTNews) - Covanta Holding Corporation (CVA), a leading global owner and operator of Energy-from-Waste infrastructure, reported a first-quarter loss to company of $37 million or $0.28 per share, compared to a loss of $9 million or $0.07 per share, prior year. Adjusted loss per share was $0.13, for the quarter.

On average, nine analysts polled by Thomson Reuters expected the company to report a loss per share of $0.08 for the quarter. Analysts' estimates typically exclude special items.

Revenue decreased to $383 million from $401 million last year. Analysts expected revenue of $386.40 million for the quarter. Total revenues decreased by $18 million primarily as a result of lower construction revenue, as well as lower market pricing for metals and energy.