American Water Works Co. Inc. said its second-quarter normalized net income was 70 cents per share, compared with the S&P Capital IQ consensus estimate of 67 cents per share.
EPS rose 10.7% year over year from 63 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $126.5 million, an increase of 11.1% from $113.8 million in the year-earlier period.
The normalized profit margin climbed to 16.2% from 15.1% in the year-earlier period.
Total revenue climbed year over year to $782.1 million from $754.8 million, and total operating expenses climbed on an annual basis to $505.8 million from $500.3 million.
Reported net income increased 11.7% year over year to $123.1 million, or 68 cents per share, from $110.2 million, or 61 cents per share.
