GRAND CAYMAN, Cayman Islands (AP) — GRAND CAYMAN, Cayman Islands (AP) — Consolidated Water Co. (CWCO) on Monday reported third-quarter net income of $5.5 million.
On a per-share basis, the Grand Cayman, Cayman Islands-based company said it had net income of 34 cents.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share.
The developer and operator of desalination plants posted revenue of $35.1 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $32.8 million.
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