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California Water Service Group Q1 Results Top Estimates
(RTTNews) - California Water Service Group (CWT) reported Thursday net income attributable to the company for the first quarter of $69.92 million or $1.21 per share, compared to a net loss of $22.21 million or $0.40 per share in the prior-year quarter.
On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.36 per share for the quarter. Analysts' estimates typically exclude special items.
Operating revenues for the quarter increased to $270.75 million from $131.10 million in the same quarter last year. Analysts expected revenues of $183.85 million for the quarter.
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Canadian Market Modestly Higher; Energy, Materials Stocks Rise
The Canadian market is up in positive territory Monday afternoon, with stocks from energy, materials, technology and consumer discretionary sectors contributing to the upmove.
The mood remains cautious with investors looking ahead to interest rate decisions from the Bank of Canada and the Federal Reserve on Wednesday.
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Major European Markets Up In Positive Territory As Investors Eye Central Bank Meetings
After a cautious start, European markets are up in positive territory Monday afternoon with investors picking up stocks amid hopes of a rate cut by the Federal Reserve on Wednesday.
The Bank of England, which is scheduled to announce its monetary policy on Thursday, is widely expected to hold rates steady. The Bank of Japan's policy announcement is also due this week.
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New York Manufacturing Index Unexpectedly Turns Negative In September
A report released by the Federal Reserve Bank of New York on Monday showed a substantial downturn by New York manufacturing activity in the month of September. The New York Fed said its general business conditions index plunged to a negative 8.7 in September from a positive 11.9 in August, with a negative reading indicating contraction. Economists had expected the index to fall to a positive 5.0.
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il y a 3h 36min
Mixed Open Seen For Canadian Shares
Bay Street may open on a mixed note Monday morning, tracking commodity prices. With rate decisions from the Federal Reserve and the Bank of Canada due on Wednesday, the mood is likely to remain a bit cautious at times.
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il y a 4h 18min
New York Manufacturing Index Plunges Much More Than Expected In September
A report released by the Federal Reserve Bank of New York on Monday showed a substantial downturn by New York manufacturing activity in the month of September.
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il y a 4h 31min
UK Stocks Turning In Mixed Performance
The UK stock market's benchmark FTSE 100 is roughly flat about an hour past noon on Monday, with stocks turning in a mixed performance. Shares of mining companies are exhibiting weakness due to data showing a slowdown in China's industrial output in the month of August.
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il y a 4h 51min
Dollar Slips As Rate Cut Hopes Deepen
The U.S. Dollar declined during the week ended September 12 amidst renewed hopes of a rate cut by the Federal Reserve on September 17.
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il y a 4h 55min
Pound Rises: Traders Await BoE Monetary Policy Decision
The British pound strengthened against other major currencies in the European session on Monday, as investors await the Federal Reserve's (Fed) and the Bank of England's (BoE) monetary policy announcements on Wednesday and Thursday.
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il y a 5h 39min
