WASHINGTON (dpa-AFX) - Covanta Holding Corporation (CVA) Tuesday said first-quarter loss narrowed to $9 million or $0.07 per share from $25 million or $0.19 per share in the same period last year.
Adjusted loss for the quarter was $0.03 per share. On average, nine analysts polled by Thomson Reuters expected the company to report a loss of $0.15 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased to $401 million from $372 million last year. Analysts expected revenues of $382.10 million.
Looking ahead to the fiscal 2014, the company continues to project earnings in the range of $0.35 to $0.50 per share. Analysts currently expect full-year earnings of $0.41 per share.
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