California Water Service (CWT) Misses Q1 EPS by 4c, Revenues Beat
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California Water Service Group Announces First Quarter 2021 Results
April 29, 2021 9:00 AM EDTSAN JOSE, Calif., April 29, 2021 (GLOBE NEWSWIRE) -- California Water Service Group (NYSE: CWT) ( Company) today announced a net loss of $3.0 million or $0.06 net loss per diluted common share for the first quarter of 2021, compared to a net loss of $20.3 million or $0.42 net loss per diluted common share for the first quarter of 2020.
The $17.3 million decrease in net loss was primarily due to the December 2020 decision by the California Public Utilities Commission (CPUC) resolving California Water Service Companys (Cal Waters) 2018 General Rate Case (2018 GRC). The decision authorized rate increases and the continuation of... More
