SAN JOSE, Calif. (AP) _ SJW Corp. (SJW) on Thursday reported fourth-quarter net income of $13.3 million, after reporting a loss in the same period a year earlier.
The San Jose, California-based company said it had net income of 46 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share.
The parent of San Jose Water Co. posted revenue of $135.7 million in the period.
For the year, the company reported profit of $61.5 million, or $2.14 per share. Revenue was reported as $564.5 million.
SJW shares have declined slightly more than 1% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $68.37, a drop of roughly 7% in the last 12 months.