California Water Service Group Announces Second Quarter 2020 Results

Go back to California Water Service Group Announces Second Quarter 2020 Results

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