Wednesday, February 26, 2020 7:26 PM EST
By The Associated Press
BRYN MAWR, Pa. (AP) _ Aqua America Inc. (WTRG) on Wednesday reported fourth-quarter net income of $64.2 million, after reporting a loss in the same period a year earlier.
The Bryn Mawr, Pennsylvania-based company said it had profit of 28 cents per share. Earnings, adjusted for one-time items, were 34 cents per share.
The water utility posted revenue of $226 million in the period.
For the year, the company reported profit of $224.5 million, or $1.04 per share. Revenue was reported as $889.7 million.
Aqua America expects full-year earnings in the range of $1.53 to $1.58 per share.
Aqua America shares have risen 7% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $50.31, a rise of 40% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on WTRG at https://www.zacks.com/ap/WTRG