Connecticut Water Service Q1 Profit Rises - Quick Facts

(RTTNews) - Connecticut Water Service Inc. (CTWS) reported that its first-quarter net income applicable to common shareholders increased to $2.98 million or $0.27 per average common share, from $2.60 million or $0.24 per average common share in the comparable quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.28 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues for the latest quarter rose to $20.26 million from $19.73 million last year. Total revenues for the quarter rose to $22.03 million from $21.52 million in the prior year quarter. Three analysts had consensus revenue estimate of $20.83 million for the quarter.