GRAND CAYMAN, Cayman Islands (AP) — GRAND CAYMAN, Cayman Islands (AP) — Consolidated Water Co. (CWCO) on Wednesday reported second-quarter net income of $15.9 million.

On a per-share basis, the Grand Cayman, Cayman Islands-based company said it had profit of 99 cents. Earnings, adjusted to account for discontinued operations, were 26 cents per share.

The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.

The developer and operator of desalination plants posted revenue of $32.5 million in the period, also missing Street forecasts. Three analysts surveyed by Zacks expected $37.1 million.

_____

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