WASHINGTON (dpa-AFX) - American Water Works Company, Inc. (AWK) reported a profit for second quarter that decreased from the same period last year and missed the Street estimates.
The company's earnings came in at $277 million, or $1.42 per share. This compares with $280 million, or $1.44 per share, in last year's second quarter.
Analysts on average had expected the company to earn $1.45 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 4.7% to $1.149 billion from $1.097 billion last year.
American Water Works Company, Inc. earnings at a glance (GAAP) :
-Earnings (Q2): $277 Mln. vs. $280 Mln. last year. -EPS (Q2): $1.42 vs. $1.44 last year. -Revenue (Q2): $1.149 Bln vs. $1.097 Bln last year.
-Guidance: Full year EPS guidance: $5.25 to $5.30
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