American States Water Co. Profit Drops In Q1, misses estimates

American States Water Co. (AWR) announced a profit for first quarter that decreased from last year and missed the Street estimates.

The company's earnings came in at $14.16 million, or $0.38 per share. This compares with $19.27 million, or $0.52 per share, in last year's first quarter.

Analysts on average had expected the company to earn $0.53 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.3% to $108.57 million from $117.06 million last year.

American States Water Co. earnings at a glance (GAAP) :

-Earnings (Q1): $14.16 Mln. vs. $19.27 Mln. last year.
-EPS (Q1): $0.38 vs. $0.52 last year.
-Analyst Estimates: $0.53
-Revenue (Q1): $108.57 Mln vs. $117.06 Mln last year.

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