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SJW: 1Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ SJW Corp. (SJW) on Monday reported first-quarter profit of $2.4 million.

The San Jose, California-based company said it had net income of 8 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, were 15 cents per share.

The parent of San Jose Water Co. posted revenue of $115.8 million in the period.

SJW shares have dropped 17% since the beginning of the year. In the final minutes of trading on Monday, shares hit $58.80, a decline of almost 3% 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 SJW at https://www.zacks.com/ap/SJW