Investing.com - California Water Service reported on Thursday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
California Water Service announced earnings per share of $1.03 on revenue of $266.31. Analysts polled by Investing.com anticipated EPS of $1.09 on revenue of $255M.
California Water Service shares are down 11% from the beginning of the year and are trading at $58.78 , down-from-52-week-high.
California Water Service shares gained 3.47% in intra-day trade after the report.
California Water Service follows other major Utilities sector earnings this month
California Water Service's report follows an earnings beat by Southern on Thursday, who reported EPS of $1.35 on revenue of $8.38B, compared to forecasts EPS of $1.3 on revenue of $6.84B.
American Electric Power had beat expectations on Thursday with third quarter EPS of $1.62 on revenue of $5.5B, compared to forecast for EPS of $1.55 on revenue of $4.72B.
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