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California Water Service Group Shares Decline After Q1 Earnings Fall

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California Water Service Group (CWT) shares were down more than 1% in Thursday trading after the company posted lower Q1 earnings.

The company reported Q1 earnings late Wednesday of $0.07 per diluted share, compared with $0.22 a year earlier.

Three analysts polled by FactSet expected $0.22.

Operating revenue for the quarter ended March 31 was $214.6 million, compared with $204 million a year earlier.

Two analysts polled by FactSet expected $210.3 million.

Price: $44.72, Change: $-0.63, Percent Change: -1.39%

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