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American Water Works: 1Q Earnings Snapshot

CAMDEN, N.J. (AP) _ American Water Works (AWK) on Wednesday reported first-quarter net income of $113 million.

The Camden, New Jersey-based company said it had net income of 62 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The water utility posted revenue of $813 million in the period.

American Water Works expects full-year earnings in the range of $3.54 to $3.64 per share.

American Water Works shares have climbed 18% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $106.98, an increase of 23% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AWK at https://www.zacks.com/ap/AWK