U.S. Markets closed

Aqua America misses 4Q profit forecasts

BRYN MAWR, Pa. (AP) _ Aqua America Inc. (WTR) on Wednesday reported fourth-quarter earnings of $49.6 million.

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

The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The water utility posted revenue of $196.8 million in the period.

For the year, the company reported profit of $234.2 million, or $1.32 per share. Revenue was reported as $819.9 million.

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

Aqua America shares have risen slightly more than 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $30.47, a fall of 3 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


Keywords: Aqua America, Earnings Report