SAN JOSE, Calif. (AP) _ SJW Corp. (SJW) on Wednesday reported fourth-quarter profit of $8.8 million.
On a per-share basis, the San Jose, California-based company said it had net income of 38 cents. Earnings, adjusted for non-recurring costs, came to 50 cents per share.
The parent of San Jose Water Co. posted revenue of $98.7 million in the period.
For the year, the company reported profit of $38.8 million, or $1.82 per share. Revenue was reported as $397.7 million.
SJW shares have climbed nearly 10 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $61.15, a rise of 14 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 SJW at https://www.zacks.com/ap/SJW