U.S. Markets open in 4 hrs 24 mins

American Water Works beats 4Q profit forecasts

VOORHEES, N.J. (AP) _ American Water Works (AWK) on Tuesday reported fourth-quarter earnings of $101 million.

The Voorhees, New Jersey-based company said it had net income of 57 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The water utility posted revenue of $802 million in the period.

For the year, the company reported profit of $468 million, or $2.62 per share. Revenue was reported as $3.3 billion.

American Water Works expects full-year earnings to be $2.98 to $3.08 per share.

American Water Works shares have risen nearly 3 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $74.38, a climb of 13 percent 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


Keywords: American Water Works, Earnings Report