California Water Service Group Holding (CWT) released earnings for fourth quarter that decreased from last year but beat the Street estimates.
The company's bottom line came in at $19.66 million, or $0.33 per share. This compares with $30.13 million, or $0.52 per share, last year.
Analysts on average had expected the company to earn $0.16 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.6% to $222.195 million from $214.512 million last year.
California Water Service Group Holding earnings at a glance (GAAP) :
-Earnings: $19.66 Mln. vs. $30.13 Mln. last year.
-EPS: $0.33 vs. $0.52 last year.
-Revenue: $222.195 Mln vs. $214.512 Mln last year.
For comments and feedback: editorial@rttnews.com