Global Water Resources, Inc. (GWRS) revealed earnings for first quarter that decreased from the same period last year but beat the Street estimates.
The company's earnings came in at $0.59 million, or $0.02 per share. This compares with $0.69 million, or $0.03 per share, last year.
Analysts on average had expected the company to earn $0.01 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 7.3% to $12.46 million from $11.61 million last year.
Global Water Resources, Inc. earnings at a glance (GAAP) :
-Earnings: $0.59 Mln. vs. $0.69 Mln. last year.
-EPS: $0.02 vs. $0.03 last year.
-Revenue: $12.46 Mln vs. $11.61 Mln last year.
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