Covetrus: 3Q Earnings Snapshot
PORTLAND, Maine (AP) _ Covetrus Inc. (CVET) on Tuesday reported a loss of $906 million in its third quarter.
The Portland, Maine-based company said it had a loss of $8.09 per share. Earnings, adjusted for one-time gains and costs, were 16 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.
The animal health technology and services company posted revenue of $1.02 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $958.6 million.