California Water Service Group: 3Q Earnings Snapshot

October 31, 2019 GMT

SAN JOSE, Calif. (AP) _ California Water Service Group Holding (CWT) on Thursday reported third-quarter profit of $42.4 million.

The San Jose, California-based company said it had profit of 88 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share.

The water utility posted revenue of $232.5 million in the period.

California Water Service Group shares have risen 15% since the beginning of the year. The stock has risen 27% 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 CWT at https://www.zacks.com/ap/CWT