WASHINGTON (dpa-AFX) - California Water Service Group (CWT) announced that its fourth-quarter net income was $1.9 million, down 61.7% from net income of $4.9 million in the fourth quarter of 2010, and earnings per common share were $0.04, a decrease of 61.8% from $0.12 per common share for the same period last year.
Operating revenue for the quarter declined to $103.01 million from $105.46 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.18 per share on revenues of $117.03 million for the quarter. Analysts' estimates typically exclude special items.
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