CAMDEN, N.J. (AP) — CAMDEN, N.J. (AP) — American Water Works (AWK) on Wednesday reported fourth-quarter profit of $238 million.
The Camden, New Jersey-based company said it had net income of $1.22 per share. Earnings, adjusted for non-recurring costs, were $1.24 per share.
The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The water utility posted revenue of $1.27 billion in the period, beating Street forecasts. Three analysts surveyed by Zacks expected $1.22 billion.
For the year, the company reported profit of $1.11 billion, or $5.69 per share. Revenue was reported as $5.14 billion.
American Water Works expects full-year earnings in the range of $6.02 to $6.12 per share.
American Water Works shares have increased 0.5% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $131.16, a climb of 3% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AWK at https://www.zacks.com/ap/AWK
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