American States Water Co. (AWR) announced a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $26.84 million, or $0.70 per share. This compares with $23.13 million, or $0.62 per share, last year.
Analysts on average had expected the company to earn $0.67 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 9.4% to $148.013 million from $135.251 million last year.
American States Water Co. earnings at a glance (GAAP) :
-Earnings: $26.84 Mln. vs. $23.13 Mln. last year.
-EPS: $0.70 vs. $0.62 last year.
-Revenue: $148.013 Mln vs. $135.251 Mln last year.
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