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AquaVenture: 3Q Earnings Snapshot

November 6, 2019

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WAAS at https://www.zacks.com/ap/WAAS