Covetrus, Inc. 2Q19 Result Turn To Loss

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Covetrus, Inc. (NASDAQ:CVET) published second quarter earnings before market open today.

The company CVET unwinded loss for the second quarter of $ 10.00 million or $ 0.09 per share, compared to income of $ 29.00 million or $ 0.40 per share, in the same quarter last year., while The consensus estimates are income of $ 0.16 per share

CVET posted net sales for second quarter swell 0.40 percent to $ 1009.00 million from $ 1005.00 million in the same quarter last year, where as Street analysts expected $ 1057.27 million.

Analysts estimates are from Thomson Reuters, exclude one time gain or loss.

Benjamin Shaw, Covetrus president and CEO,said, Our momentum in our technology platform is robust, and we are encouraged by the accelerating pace of engagement in these early innings of our transformation journey.

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