American Water Works: 2Q Earnings Snapshot
CAMDEN, N.J. (AP) _ American Water Works (AWK) on Wednesday reported second-quarter earnings of $170 million.
The Camden, New Jersey-based company said it had net income of 94 cents per share.
The results met Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was also for earnings of 94 cents per share.
The water utility posted revenue of $882 million in the period.
American Water Works expects full-year earnings in the range of $3.54 to $3.64 per share.
American Water Works shares have climbed 26% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $114.78, a rise of 30% in the last 12 months.