Covanta Q4 Profit From Cont. Ops. Declines - Quick Facts

(RTTNews) - Covanta Holding Corporation (CVA) reported that its fourth-quarter income from continuing operations to stockholders decreased to $27 million or $0.21 per share, from $85 million or $0.64 per share, last year. Total income per share was $0.22, compared to $0.62 prior year. Adjusted earnings per share was $0.19 for the quarter. Adjusted earnings per share from continuing operations was $0.18 for the quarter.

On average, 11 analysts polled by Thomson Reuters expected the company to report profit per share of $0.21 for the quarter. Analysts' estimates typically exclude special items.

Total operating revenues decreased to $422 million, from $429 million, prior year. Analysts expected revenue of $426.47 million for the quarter.

The company expects its 2014 adjusted earnings per share in the range of $0.35-$0.50. Analysts expect the company to report fiscal year profit per share of $0.38.