MORRISTOWN, N.J. (AP) _ Covanta Holding Corp. (CVA) on Wednesday reported a loss of $19 million in its second quarter.
The Morristown, New Jersey-based company said it had a loss of 14 cents per share.
The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.
The waste disposal and renewable energy company posted revenue of $506 million in the period, exceeding Street forecasts. Three analysts surveyed by Zacks expected $496 million.
Covanta shares have increased 52% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $20, more than doubling in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVA at https://www.zacks.com/ap/CVA
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