California Water Service Group (CWT) shares fell 0.6% in recent Thursday trading after the company reported Q1 operating revenue that declined year over year and came in below market expectations.
The company reported adjusted earnings Thursday of $0.22 per diluted share, up from $0.07 a year earlier.
Analysts polled by FactSet expected $0.15.
Operating revenue for the quarter ended March 31 was $204 million, down from $270.7 million a year earlier.
Three analysts surveyed by FactSet expected $215.4 million.
Price: 50.33, Change: -0.32, Percent Change: -0.64
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