Covia Announces Third Quarter 2018 Results
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Covia Holdings Corp (CVIA) PT Lowered to $6 at Credit Suisse
November 15, 2018 7:41 AM ESTCredit Suisse analyst James Wicklund lowered the price target on Covia Holdings Corp (NYSE: CVIA) to $6.00 (from $7.50) while maintaining a Underperform rating.
... MoreCovia Holdings Corporation (CVIA) Reports Q3 Loss of $2.20, Revenues Miss
November 14, 2018 6:02 AM ESTCovia Holdings Corporation (NYSE: CVIA) reported Q3 EPS of ($2.20), versus $0.32 reported last year. Revenue for the quarter came in at $523.4 million versus the consensus estimate of $612.95 million.
Total volumes of 8.2 million tons, a decline of 15% compared to the third quarter of 2017 and down 19% sequentially, both on a pro forma basis, driven by lower Energy volumes.Total revenues of $523.4 million, a decline of 17% compared to the third quarter of 2017 and down 27% sequentially, both on a pro forma basis, driven by lower Energy volumes and average selling prices.Net loss from continuing... More