Covetrus: 3Q Earnings Snapshot

November 12, 2019 GMT

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CVET at https://www.zacks.com/ap/CVET