American States Water Co. Announces 7% Rise In Q2 Profit

(RTTNews) - American States Water Co. (AWR) revealed a profit for its second quarter that rose from last year.

The company said its bottom line advanced to $16.74 million, or $0.45 per share. This was up from $15.65 million, or $0.41 per share, in last year's second quarter.

Analysts had expected the company to earn $0.44 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.3% to $111.95 million. This was down from $114.62 million last year.

American States Water Co. earnings at a glance:

-Earnings (Q2): $16.74 Mln. vs. $15.65 Mln. last year. -Earnings Growth (Y-o-Y): 7.0% -EPS (Q2): $0.45 vs. $0.41 last year. -EPS Growth (Y-o-Y): 9.8% -Analysts Estimate: $0.44 -Revenue (Q2): $111.95 Mln vs. $114.62 Mln last year. -Revenue Change (Y-o-Y): -2.3%