American Water (AWK) Q1 Earnings Lag, Revenues Beat Estimates

American Water Works Company (AWK) posted first-quarter 2024 operating earnings per share (EPS) of 95 cents, which lagged the Zacks Consensus Estimate of 99 cents by 4.1%. However, the bottom line improved 4.4% from the year-ago quarter's earnings of 91 cents.The year-over-year improvement in earnings was due to favorable impacts of the implementation of new rates in Regulated businesses, offset somewhat by increased production and employee-related costs, and higher financing costs to fund the capital inves ...