WASHINGTON (dpa-AFX) - American Water Works Company, Inc. (AWK) announced a profit for its second quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $280 million, or $1.44 per share. This compares with $218 million, or $1.20 per share, in last year's second quarter.
Analysts on average had expected the company to earn $1.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 17.0% to $1.10 billion from $0.94 billion last year.
American Water Works Company, Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $280 Mln. vs. $218 Mln. last year. -EPS (Q2): $1.44 vs. $1.20 last year. -Analyst Estimate: $1.31 -Revenue (Q2): $1.10 Bln vs. $0.94 Bln last year.
-Guidance: Full year EPS guidance: $4.72 to $4.82
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