American Water Works Company, Inc. (AWK) revealed a profit for its first quarter that increased from the same period last year but missed the Street estimates.
The company's earnings came in at $185 million, or $0.95 per share. This compares with $170 million, or $0.91 per share, in last year's first quarter.
Analysts on average had expected the company to earn $0.98 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.7% to $1.01 billion from $938 million last year.
American Water Works Company, Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $185 Mln. vs. $170 Mln. last year.
-EPS (Q1): $0.95 vs. $0.91 last year.
-Revenue (Q1): $1.01 Bln vs. $938 Mln last year.
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