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American Water Works Q3 profit climbs YOY

American Water Works Co. Inc. said its normalized net income for the third quarter came to $1.11 per share, compared with the S&P Capital IQ consensus estimate of $1.08 per share.

EPS rose year over year from $1.08.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $198.1 million, an increase from $192.5 million in the year-earlier period.

The normalized profit margin increased to 21.2% from 20.7% in the year-earlier period.

Total revenue totaled $936.0 million, compared with $930.0 million in the year-earlier period, and total operating expenses decreased on an annual basis to $535.0 million from $546.0 million.

Reported net income rose 36.9% from the prior-year period to $202.3 million, or $1.13 per share, from $147.7 million, or 83 cents per share.