CAMDEN, N.J. (AP) — CAMDEN, N.J. (AP) — American Water Works (AWK) on Wednesday reported first-quarter profit of $170 million.
The Camden, New Jersey-based company said it had profit of 91 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.
The water utility posted revenue of $938 million in the period.
American Water Works expects full-year earnings to be $4.72 to $4.82 per share.
American Water Works shares have fallen 2% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $149.05, a fall of roughly 6% in the last 12 months.
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