California Water Service Group Holding Q2 Earnings Climb 17%

(RTTNews) - California Water Service Group Holding (CWT) released a profit for its second quarter that advanced compared to the same period last year.

The company said its bottom line climbed to $11.51 million, or $0.24 per share. This was up from $9.85 million, or $0.21 per share, in last year's second quarter.

Analysts had expected the company to earn $0.24 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.6% to $152.45 million. This was up from $144.41 million last year.

California Water Service Group Holding earnings at a glance:

-Earnings (Q2): $11.51 Mln. vs. $9.85 Mln. last year. -Earnings Growth (Y-o-Y): 16.9% -EPS (Q2): $0.24 vs. $0.21 last year. -EPS Growth (Y-o-Y): 14.3% -Analysts Estimate: $0.24 -Revenue (Q2): $152.45 Mln vs. $144.41 Mln last year. -Revenue Change (Y-o-Y): 5.6%