American States Water Co. (AWR) reported its third-quarter earnings, showing an increase from the previous year but falling short of Wall Street predictions.
The company reported a net income of $35.83 million, or $0.95 per share, compared to $31.56 million, or $0.86 per share, in the same quarter of the prior year.
According to figures from Thomson Reuters, analysts had, on average, projected earnings of $0.98 per share for the company. It is important to note that these estimates typically do not consider any special items.
Revenue for the quarter saw a 6.6% increase, rising to $161.782 million from last year's $151.696 million.
Highlights of American States Water Co.'s third-quarter results (GAAP):
- Earnings: $35.83 million, up from $31.56 million last year.
- Earnings Per Share: $0.95, compared to $0.86 last year.
- Revenue: $161.782 million, compared to $151.696 million last year.
