CAMDEN, N.J. (AP) — CAMDEN, N.J. (AP) — American Water Works (AWK) on Wednesday reported third-quarter profit of $350 million.
The Camden, New Jersey-based company said it had profit of $1.80 per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.84 per share.
The water utility posted revenue of $1.32 billion in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $1.2 billion.
American Water Works expects full-year earnings to be $5.25 to $5.30 per share.
American Water Works shares have climbed almost 3% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $135.69, a climb of 16% 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 AWK at https://www.zacks.com/ap/AWK