American Water's Earnings and Revenue Beat Wall Street's Expectations
American Water Works (NYSE: AWK), the leading U.S. water and wastewater utility, reported better-than-expected fourth-quarter 2022 results Wednesday after the closing bell.
Utility stocks rarely make big moves either way following their earnings releases because their results are usually highly predictable. Indeed, that proved true in this case. In the two-day period following American Water's release, shares edged up 0.2%, while the S&P 500 Index declined 1.7%. Shares have returned 2.8% over the one-year period through Feb. 17, while the S&P 500's return is underwater by 5.3% over this period.
Data source: American Water Works. GAAP = generally accepted accounting principles. YOY = year over year.
Source Fool.com
