WASHINGTON (dpa-AFX) - California Water Service Group Holding (CWT) reported earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $19.57 million, or $0.35 per share. This compares with $3.50 million, or $0.07 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $0.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 15.9% to $200.94 million from $173.33 million last year.
California Water Service Group Holding earnings at a glance (GAAP) :
-Earnings (Q4): $19.57 Mln. vs. $3.50 Mln. last year. -EPS (Q4): $0.35 vs. $0.07 last year. -Analyst Estimate: $0.31 -Revenue (Q4): $200.94 Mln vs. $173.33 Mln last year.
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