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SJW: 3Q Earnings Snapshot

·1 min read

SAN JOSE, Calif. (AP) _ SJW Corp. (SJW) on Wednesday reported third-quarter earnings of $26.1 million.

The San Jose, California-based company said it had net income of 91 cents per share. Earnings, adjusted for non-recurring costs, came to 92 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share.

The parent of San Jose Water Co. posted revenue of $165.9 million in the period.

SJW expects full-year earnings to be $1.95 to $2.05 per share.

SJW shares have fallen 13% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $61.54, a fall of 13% 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