California Water (CWT) Q4 Earnings & Revenues Miss Estimates

California Water Service Group (CWT) recorded a fourth-quarter 2023 adjusted earnings of 52 cents per share, which missed the Zacks Consensus Estimate of $1.50 by 65.3%. The bottom line, however, increased from the year-ago quarter’s figure of 35 cents.Full-year 2023 earnings came in at 91 cents per share, down 48.6% from the previous year’s $1.77.Total RevenuesOperating revenues totaled $214.5 million, which missed the Zacks Consensus Estimate of $278 million by 22.8%. The top line, however, increased 6.7% ...