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Stock impact report

Connecticut Water Service Inc. Reports First Quarter 2018 Results

CONNETICUT WATER SERVICE (CTWS) 
Last conneticut water service earnings: 8/8 01:45 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.ctwater.com/overview/default.aspx
Company Research Source: GlobeNewswire
CLINTON, Conn., May 09, 2018 (GLOBE NEWSWIRE) -- Revenues Increase 9 PercentPURA and MPUC Regulatory Applications Filed for Merger of Equals With SJW GroupPURA Decision on Connecticut Water Settlement Agreement Expected Connecticut Water Service, Inc. (Nasdaq: CTWS) announced a net loss of $1.2 million or $0.10 loss per basic common share for the first quarter of 2018 on total revenues of $26.4 million. Total revenues include revenues generated by the Company’s three business segments: Water Operations, Service and Rentals, and Real Estate. In the first quarter of 2017, the Company had net income of $4.1 million or $0.36 per basic common share, on total revenues of $24.2 million. The $5.3 million decrease in net income was driven primarily through a non-recurring tax benefit in the first quarter of 2017 that was related to the release of previously reserved tax liabilities for the Maine Water Company (Maine Water), and costs in 2018 related to the merger of equals with SJW Show less Read more
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