California Water Service (CWT) Declares $0.2125 Quarterly Dividend; 1.7% Yield

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California Water Service (CWT) Misses Q2 EPS by 48c, Revenues Miss

July 30, 2020 9:03 AM EDT

California Water Service (NYSE: CWT) reported Q2 EPS of $0.11, $0.48 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $175.48 million versus the consensus estimate of $228.74 million.

According to President and Chief Executive Officer Martin A. Kropelnicki, a primary focus for the Company in recent weeks has been advocating for a favorable outcome on a proposal being considered by the CPUC that would eliminate the... More