American Water Works Q4 Profit Beats, but Revenue Misses (AWK)


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Water utility operator American Water Works Co., Inc. ( AWK ) on Monday posted a fourth quarter profit that beat Wall Street's view, but its revenue total fell short of expectations.

The Voorhees, NJ-based company reported fourth quarter net income of $64.8 million, or 37 cents per share, compared with $40.2 million, or 23 cents per share.

Revenue rose 2% from last year to $639.8 million.

On average, Wall Street analysts expected a smaller profit of 32 cents per share, albeit on higher revenue of $696 million.

American Water Works shares were unchanged in premarket trading Monday.

The Bottom Line
Shares of American Water Works ( AWK ) has a 2.71% dividend yield, based on Friday's closing stock price of $33.92. The stock has technical support in the $31-$32 price area. The shares are trading at all-time highs.

American Water Works Co., Inc. ( AWK ) is not recommended at this time, holding a DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Stocks
Referenced Stocks: AWK

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