SJW: 4Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ SJW Corp. (SJW) on Wednesday reported a fourth-quarter loss of $5.5 million, after reporting a profit in the same period a year earlier.

The San Jose, California-based company said it had a loss of 19 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, were 34 cents per share.

The parent of San Jose Water Co. posted revenue of $125.8 million in the period.

For the year, the company reported profit of $23.4 million, or 82 cents per share. Revenue was reported as $420.5 million.

SJW expects full-year earnings to be $2.25 to $2.35 per share.

SJW shares have dropped slightly more than 2% since the beginning of the year. The stock has risen 14% in the last 12 months.


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