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Aqua America: 3Q Earnings Snapshot

BRYN MAWR, Pa. (AP) _ Aqua America Inc. (WTR) on Monday reported third-quarter profit of $78.2 million.

The Bryn Mawr, Pennsylvania-based company said it had profit of 44 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The water utility posted revenue of $226.1 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $231.6 million.

Aqua America expects full-year earnings in the range of $1.40 to $1.42 per share.

Aqua America shares have declined 16 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $33.04, a fall of slightly more than 8 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 WTR at https://www.zacks.com/ap/WTR