Water utility company, Aqua America Inc ( WTR ) reported an increase in profits, beating analysts expectations Friday.
The Bryn Mawr, PA based company reported third quarter earnings of 36 cents a share, beating analysts estimates of 35 cents a share. Reported revenue was $214.57, higher than analysts estimated revenue of $213.93 million.
Aqua America Chief Executive Officer Nicholas DeBenedictis commented, "These results reflect management's focus on investing the capital needed for infrastructure improvements and receiving timely rate relief while simultaneously working to control operating costs."
Aqua America shares were mostly flat during premarket trading Friday.
Aqua America Inc( WTR ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
Created by Dividend.com