Connecticut Water Service Q2 Profit Rises

(RTTNews) - Connecticut Water Service Inc. (CTWS) reported that its second-quarter net income applicable to common shareholders was $7.5 million or $0.67 per average common share, compared to $4.3 million or $0.39 per average common share in the comparable quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.52 per share for the quarter. Analysts' estimates typically exclude special items.

Operating revenues for the latest second quarter rose to $25.46 million from $22.55 million last year, while total revenues for the quarter were $27.29 million, up from $24.33 million in the prior year quarter. Three analysts had consensus revenue estimate of $25.46 million for the quarter.