California Water Service Group Holding Reveals 48% Increase In Q3 Bottom Line

(RTTNews) - California Water Service Group Holding (CWT) reported a profit for its third quarter that climbed compared to the same period last year.

The company said its bottom line totaled $33.85 million, or $0.70 per share. This was up from $22.88 million, or $0.48 per share, in last year's third quarter.

Analysts had expected the company to earn $0.68 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 14.9% to $211.73 million. This was up from $184.27 million last year.

California Water Service Group Holding earnings at a glance:

-Earnings (Q3): $33.85 Mln. vs. $22.88 Mln. last year. -Earnings Growth (Y-o-Y): 47.9% -EPS (Q3): $0.70 vs. $0.48 last year. -EPS Growth (Y-o-Y): 45.8% -Analysts Estimate: $0.68 -Revenue (Q3): $211.73 Mln vs. $184.27 Mln last year. -Revenue Change (Y-o-Y): 14.9%