GRAND CAYMAN, Cayman Islands (AP) — GRAND CAYMAN, Cayman Islands (AP) — Consolidated Water Co. (CWCO) on Thursday reported third-quarter earnings of $4.5 million.
On a per-share basis, the Grand Cayman, Cayman Islands-based company said it had profit of 28 cents. Earnings, adjusted to account for discontinued operations, came to 31 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 26 cents per share.
The developer and operator of desalination plants posted revenue of $33.4 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $31.8 million.
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