American Water Works Company Inc. (AWK: Quote),Thursday lowered its earnings guidance for the full year 2012, and issued an outlook for the full year 2013.
The company now expects its 2012 earnings from continuing operations to be at the low-end of its previously announced range of $2.12 to $2.22 per share.
Analysts polled by Thomson Reuters currently estimate earnings of $2.19 per share for the year. Analysts estimates typically exclude one-time items.
For the full year 2013, American Water estimates earnings of $2.15 to $2.25 per share. Analysts currently estimate earnings of $2.22 per share for the year.
Chief Executive Jeff Sterba said, “The 2013 guidance range is based on the execution of our business goals. We continue to make progress in capturing efficiencies, which has benefited our regulated operation and maintenance cost structure. We have seen success in the areas of innovation, using technology to lower costs and the expertise of our employees to drive operational excellence.”
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by RTT Staff Writer
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