GRAND CAYMAN, Cayman Islands (AP) — GRAND CAYMAN, Cayman Islands (AP) — Consolidated Water Co. (CWCO) on Wednesday reported first-quarter profit of $6.5 million.

On a per-share basis, the Grand Cayman, Cayman Islands-based company said it had profit of 40 cents. Earnings, adjusted to account for discontinued operations, came to 43 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The developer and operator of desalination plants posted revenue of $39.7 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $38.7 million.

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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 CWCO at https://www.zacks.com/ap/CWCO