SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — California Water Service Group Holding (CWT) on Thursday reported first-quarter net income of $13.3 million.
On a per-share basis, the San Jose, California-based company said it had profit of 22 cents.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share.
The water utility posted revenue of $204 million in the period.
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