American Water Works Q3 Profit From Cont. Ops. Rises - Quick Facts

(RTTNews) - American Water Works Company, Inc. (AWK), the largest publicly traded U.S. water and wastewater utility company, reported third-quarter net income from continuing operations of $156.61 million or $0.87 per share, compared to $149.91 million or $0.84 per share, prior year. Adjusted earnings per share from continuing operations was $0.92 , for the quarter. The company said the increase in income from continuing operations was due to higher revenues and lower operating expenses in the Regulated Business.

On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.91 for the quarter. Analysts' estimates typically exclude special items.

Revenue increased to $846.17 million from $822.19 million last year. Analysts expected revenue of $886.85 million for the quarter.

American Water has narrowed annual adjusted earnings guidance from continuing operations to be in the range of $2.38 to $2.44 per share, not adjusted for the adverse weather impact of approximately $0.04-$0.06 per share. Analysts expect the company to report full year earnings per share of $2.42.