American Water Works Company, Inc. (NYSE:AWK) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
American Water Works Company, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 8.82% to $0.31 in the quarter versus EPS of $0.34 in the year-earlier quarter.
Revenue: Rose 9.17% to $680.9 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: American Water Works Company, Inc. reported adjusted EPS income of $0.31 per share. By that measure, the company missed the mean analyst estimate of $0.34. It missed the average revenue estimate of $699.64 million.
Quoting Management: “2012 was a year of very strong financial performance on all fronts, with a 20 percent increase in earnings per share from continuing operations,” said Jeff Sterba, president and CEO of American Water. “While sales were increased by abnormally hot, dry weather in the summer, EPS from continuing operations still increased 12 to 14 percent after adjusting for this estimated weather impact.”
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