H2O America Q3 Profit Increases, Beats Estimates

(RTTNews) - H2O America (HTO) revealed earnings for its third quarter that Increased from last year and beat the Street estimates.

The company's bottom line totaled $45.13 million, or $1.27 per share. This compares with $38.65 million, or $1.17 per share, last year.

Excluding items, H2O America reported adjusted earnings of $45.45 million or $1.27 per share for the period.

Analysts on average had expected the company to earn $1.18 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 6.9% to $240.55 million from $225.06 million last year.

H2O America earnings at a glance (GAAP) :

-Earnings: $45.13 Mln. vs. $38.65 Mln. last year. -EPS: $1.27 vs. $1.17 last year. -Revenue: $240.55 Mln vs. $225.06 Mln last year.