U.S. Markets close in 6 hrs

SJW posts 1Q profit

SAN JOSE, Calif. (AP) _ SJW Corp. (SJW) on Wednesday reported first-quarter earnings of $3.7 million.

On a per-share basis, the San Jose, California-based company said it had profit of 18 cents.

The parent of San Jose Water Co. posted revenue of $69 million in the period.

SJW shares have dropped 7 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $51.99, an increase of 40 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

_____

Keywords: SJW, Earnings Report