SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — H2O America (HTO) on Monday reported third-quarter net income of $45.1 million.
On a per-share basis, the San Jose, California-based company said it had profit of $1.27.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.15 per share.
The parent of San Jose Water Co. posted revenue of $240.6 million in the period.
H20 expects full-year earnings in the range of $2.95 to $3 per share.
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