American Water Works (AWK) Misses Q2 EPS by 3c; Reaffirms Outlook

American Water Works (NYSE: AWK) reported Q2 EPS of $0.61, $0.03 worse than the analyst estimate of $0.64. Revenue for the quarter came in at $759.2 million versus the consensus estimate of $780.41 million.

American Water Works sees FY2014 EPS of $2.35-$2.45, versus the consensus of $2.42.

“Our mission is to provide clean, safe, affordable and reliable water and water services to our customers. In my first three months as President and CEO, I have been traveling throughout our service areas to meet with our employees and see firsthand the hard work and commitment they have to our customers and communities. This dedication is reflected in our results for the second quarter,” said Susan Story, president and CEO of American Water. “We achieved increases in revenues and earnings per share growth, completed five additional regulated acquisitions through August 4, continued strategic growth in our market-based businesses, and found ways to be more efficient to mitigate impacts to customers’ bills.”

For earnings history and earnings-related data on American Water Works (AWK) click here.

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