California Water Service-California Water (CWT) Q1 Earnings & Revenues Beat Estimates

California Water Service Group (CWT) recorded first-quarter 2024 adjusted earnings of $1.21 per share, which surpassed the Zacks Consensus Estimate of 21 cents by 476.2%. The company reported a loss of 40 cents per share in the year-ago quarter.Total RevenuesOperating revenues totaled$ 270.7 million, which surpassed the Zacks Consensus Estimate of $169 million by 60%. The top line also increased 106.5% from$ 131.1 million recorded in the prior-year quarter. The year-over-year increase was due to the adoptio ...