AP NEWS

American Water Works: 3Q Earnings Snapshot

October 30, 2019 GMT

CAMDEN, N.J. (AP) _ American Water Works (AWK) on Wednesday reported third-quarter profit of $240 million.

On a per-share basis, the Camden, New Jersey-based company said it had net income of $1.33.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share.

The water utility posted revenue of $1.01 billion in the period.

American Water Works expects full-year earnings in the range of $3.56 to $3.64 per share.

American Water Works shares have risen 33% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $120.92, a rise of 34% 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 AWK at https://www.zacks.com/ap/AWK