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SJW: Q2 Earnings Snapshot


SJW: Q2 Earnings Snapshot
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SAN JOSE, Calif. (AP) SJW Corp. (SJW) on Thursday reported second-quarter earnings of $20.8 million.
The San Jose, California-based company said it had profit of 69 cents per share. Earnings, adjusted for non-recurring gains, came to 60 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.
The parent of San Jose Water Co. posted revenue of $152.2 million in the period.
SJW expects full-year earnings to be $1.85 to $2.05 per share.
SJW shares have declined nearly 1% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $68.86, an increase of nearly 6% in the last 12 months. ....

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