AquaVenture: 3Q Earnings Snapshot
ROAD TOWN, Virgin Islands, British (AP) _ AquaVenture Holdings Ltd. (WAAS) on Wednesday reported a loss of $3.9 million in its third quarter.
The Road Town, Virgin Islands, British-based company said it had a loss of 13 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The provider of filtered water systems and related services posted revenue of $52.9 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $48.6 million.
AquaVenture expects full-year revenue in the range of $197 million to $201 million.
AquaVenture shares have risen 7.5% since the beginning of the year. The stock has increased 18% in the last 12 months.