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.