Consolidated Water Reports Q3 2019 Results
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Consolidated Water Co. (CWCO) Misses Q3 EPS by 4c, Revenues Beat
November 12, 2019 8:35 AM ESTConsolidated Water Co. (NASDAQ: CWCO) reported Q3 EPS of $0.11, $0.04 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $15.9 million versus the consensus estimate of $17.95 million.
Financial Highlights
Revenue for Q3 2019 declined 12% to $15.9 million, and for the first nine months increased 7% to $51.2 million.Gross margin as a percentage of revenue improved from 39.5% to 42.2% in Q3 2019, and improved from 40.9% to 41.5% in the first nine months.Net income attributable to stockholders totaled $1.7 million or $0.11 per diluted share in Q3 2019, and $10.4 million or $0.69 per diluted share in the first nine... More