CAMDEN, N.J. (AP) — CAMDEN, N.J. (AP) — American Water Works (AWK) on Wednesday reported second-quarter profit of $315 million.
The Camden, New Jersey-based company said it had profit of $1.61 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.59 per share.
The water utility posted revenue of $1.36 billion in the period.
American Water Works expects full-year earnings in the range of $6.02 to $6.12 per share.
American Water Works shares have risen roughly 6% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $138.09, a drop of 2% in the last 12 months.
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