Aqua America: 3Q Earnings Snapshot
BRYN MAWR, Pa. (AP) _ Aqua America Inc. (WTR) on Monday reported third-quarter earnings of $88.5 million.
On a per-share basis, the Bryn Mawr, Pennsylvania-based company said it had net income of 38 cents. Earnings, adjusted for one-time items, were 48 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.
The water utility posted revenue of $243.6 million in the period.
Aqua America expects full-year earnings in the range of $1.45 to $1.50 per share.
Aqua America shares have increased 27% since the beginning of the year. In the final minutes of trading on Monday, shares hit $43.56, a rise of 32% in the last 12 months.