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Aqua America misses 1Q profit forecasts

BRYN MAWR, Pa. (AP) _ Aqua America Inc. (WTR) on Wednesday reported first-quarter net income of $49.1 million.

On a per-share basis, the Bryn Mawr, Pennsylvania-based company said it had net income of 28 cents.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The water utility posted revenue of $187.8 million in the period.

Aqua America expects full-year earnings to be $1.34 to $1.39 per share.

Aqua America shares have climbed roughly 9 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $32.72, a climb of slightly more than 1 percent in the last 12 months.

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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

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Keywords: Aqua America, Earnings Report