California Water Service Group Holding Earnings Decline 26% In Q4

(RTTNews) - California Water Service Group Holding (CWT) revealed a profit for fourth quarter that retreated from last year.

The company said its earnings totaled $8.48 million, or $0.18 per share. This was lower than $11.39 million, or $0.24 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.20 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 0.8% to $138.43 million. This was up from $137.38 million last year.

California Water Service Group Holding earnings at a glance:

-Earnings (Q4): $8.48 Mln. vs. $11.39 Mln. last year. -Earnings Decline (Y-o-Y): -25.5% -EPS (Q4): $0.18 vs. $0.24 last year. -EPS Decline (Y-o-Y): -25.0% -Analysts Estimate: $0.20 -Revenue (Q4): $138.43 Mln vs. $137.38 Mln last year. -Revenue Change (Y-o-Y): 0.8%