SAN JOSE, Calif. (AP) _ SJW Corp. (SJW) on Wednesday reported second-quarter earnings of $13.5 million.
The San Jose, California-based company said it had profit of 47 cents per share. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, were 58 cents per share.
The parent of San Jose Water Co. posted revenue of $103 million in the period.
SJW shares have risen 16% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $64.30, a decline of roughly 3% in the last 12 months.