WASHINGTON (dpa-AFX) - Covanta Holding Corporation (CVA) reported that its fourth-quarter net income to company increased to $26 million from $23 million last year. Earnings per share was $0.19 compared to $0.15 last year.
Total operating revenues increased to $430 million from $419 million a year ago.
Earnings per share from continuing operations was $0.20 compared to $0.13 prior year. Adjusted earnings per share was $0.26 compared to $0.19 a year ago.
Analysts polled by Thomson Reuters expected the company to report profit of $0.23 per share on revenue of $418.05 million for the quarter. Analysts' estimates typically exclude special items.
The company expects 2012 adjusted earnings per share in the range of $0.55-$0.65.
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