Investing.com - Covenant reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Covenant announced earnings per share of $1.52 on revenue of $311.84. Analysts polled by Investing.com anticipated EPS of $1.37 on revenue of $295.6M.
Covenant shares are down 23% from the beginning of the year, still down 11.20% from its 52 week high of $34.80 set on July 27.
Covenant follows other major Industrials sector earnings this month
Covenant's report follows an earnings beat by Union Pacific on Thursday, who reported EPS of $3.19 on revenue of $6.57B, compared to forecasts EPS of $3.08 on revenue of $6.44B.
Lockheed Martin had missed expectations on July 19 with second quarter EPS of $1.16 on revenue of $15.45B, compared to forecast for EPS of $1.88 on revenue of $15.98B.
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