California Water Service (CWT) Tops Q1 EPS by 2c, Revenue Tops Views
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California Water Service Group Announces First Quarter 2015 Results
April 29, 2015 4:30 PM EDTSAN JOSE, CA -- (Marketwired) -- 04/29/15 -- California Water Service Group (NYSE: CWT) today announced net income of $1.6 million or diluted earnings per common share of $0.03 for the first quarter of 2015, compared to a net loss of $5.5 million or a $0.11 net loss per diluted common share for the first quarter of 2014.
The increase in net income is attributable primarily to the approval of the California Water Service (Cal Water) General Rate Case (GRC), Company's largest subsidiary, during the third quarter of 2014. Increases in administrative and general, income tax, and property tax expense were... More
