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AquaVenture: 2Q Earnings Snapshot

August 7, 2019

ROAD TOWN, Virgin Islands, British (AP) _ AquaVenture Holdings Ltd. (WAAS) on Wednesday reported a loss of $3.5 million in its second quarter.

The Road Town, Virgin Islands, British-based company said it had a loss of 13 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 25 cents per share.

The provider of filtered water systems and related services posted revenue of $51.4 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $47.9 million.

AquaVenture expects full-year revenue in the range of $192 million to $197 million.

AquaVenture shares have declined 10% since the beginning of the year. The stock has climbed almost 2% 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 WAAS at https://www.zacks.com/ap/WAAS

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