SouthWest Water Co. 1Q Loss Balloons On Charges
Stock quotes in this article:
SWWC
LOS ANGELES (AP) SouthWest Water Co. said Wednesday its first-quarter loss swelled on restatement charges and costs stemming from the settlement of an eminent domain proceeding.
For the quarter ended March 31, SouthWest Water posted a loss of $3.2 million, or 13 cents per share, compared with a loss of $979,000, or 4 cents per share, in the year-ago period. Excluding one-time items, the company posted an adjusted profit from continuing operations of $649,000, or 3 cents per share, up from $68,000, or less than a penny per share, on the same basis last year. Revenue rose 5.5 percent to $52.4 million from $49.7 million. The company said its Texas utilities and both of its contract service divisions posted improved results for the recent quarter on revenue growth and increased operating efficiencies.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
