Middlesex Water Co (MSEX) released earnings for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $8.78 million, or $0.49 per share. This compares with $5.74 million, or $0.32 per share, last year.
Analysts on average had expected the company to earn $0.37 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 22.0% to $47.107 million from $38.602 million last year.
Middlesex Water Co earnings at a glance (GAAP) :
-Earnings: $8.78 Mln. vs. $5.74 Mln. last year.
-EPS: $0.49 vs. $0.32 last year.
-Revenue: $47.107 Mln vs. $38.602 Mln last year.
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