This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

York Water Posts Big Gain In Third-quarter Profit

YORK, Pa. (AP) ¿ York Water Co., which purifies and distributes water, said Friday a higher number of customers plus a rate increase lifted its third-quarter profit by 20 percent.

Net income for the three months ended in September rose to $2.1 million, or 18 cents per share, compared with $1.7 million, or 15 cents per share, in the year-earlier period.

Analysts surveyed by Thomson Reuters expected, on average, earnings per share of 19 cents.

Revenue increased to $9.8 million from $8.6 million, more than the $9.6 million Wall Street expected.

Besides a higher number of customers, the Pennsylvania Public Utility Commission granted the company a rate increase, effective Oct. 9, 2008. York Water, the oldest investor-owned utility in the U.S., also cut costs.

The increased revenue and cost savings were partially offset by higher depreciation, pension and retirement costs, and salary and wage expense.

Shares slipped in after-market trading by 8 cents to $14.02.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
YORW $24.23 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%


DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs