American States Water Co. Reveals 36% Advance In Q2 Bottom Line

(RTTNews) - American States Water Co. (AWR) reported a profit for its second quarter that advanced compared to the same period last year.

The company said its bottom line climbed to $22.79 million, or $0.62 per share. This was higher than $16.74 million, or $0.45 per share, in last year's second quarter.

Analysts had expected the company to earn $0.45 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 1.1% to $113.20 million. This was up from $111.95 million last year.

American States Water Co. earnings at a glance:

-Earnings (Q2): $22.79 Mln. vs. $16.74 Mln. last year. -Earnings Growth (Y-o-Y): 36.1% -EPS (Q2): $0.62 vs. $0.45 last year. -EPS Growth (Y-o-Y): 37.8% -Analysts Estimate: $0.45 -Revenue (Q2): $113.20 Mln vs. $111.95 Mln last year. -Revenue Change (Y-o-Y): 1.1%