Connecticut Water Service (CTWS) Tops Q3 EPS by 7c, Revenues Miss

Connecticut Water Service (NASDAQ: CTWS) reported Q3 EPS of $1.13, $0.07 better than the analyst estimate of $1.06. Revenue for the quarter came in at $39.3 million versus the consensus estimate of $48.23 million.

David C. Benoit, president and CEO of Connecticut Water, stated that, “Our strong third quarter results reflect our continued focus on operational excellence as a pure-play water company, our employees’ record of superior customer service, and our continued investment in water infrastructure. During the quarter, we also made progress toward the closing of our combination with SJW Group, which is on track to be completed in the first quarter of 2019. The combination with SJW Group will enable us to join another leading water company that shares our commitment to a strong, local team of employees and world-class service to customers and communities, while also providing our shareholders with significant, certain, premium value for their shares.”

For earnings history and earnings-related data on Connecticut Water Service (CTWS) click here.

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