California Water Service Q1 Loss Widens - Quick Facts

(RTTNews) - California Water Service Group (CWT) Wednesday reported first-quarter a net loss of $5.48 million or $0.11 per share, wider than $1.07 million or $0.03 per share in the prior-year quarter.

On average, 5 analysts polled by Thomson Reuters expected the company to report a loss of $0.07 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues for the quarter edged down 0.9 percent to $110.52 million from $111.44 million in the same quarter last year. Analysts estimated revenues of $111.52 million for the quarter.

The company noted that it did not benefit from General Rate Case (GRC) rate increases for its largest subsidiary in the first quarter due to a delay in approval of the GRC.