GRAND CAYMAN, Cayman Islands (AP) — GRAND CAYMAN, Cayman Islands (AP) — Consolidated Water Co. (CWCO) on Monday reported first-quarter profit of $3.8 million.

The Grand Cayman, Cayman Islands-based company said it had profit of 24 cents per share. Earnings, adjusted to account for discontinued operations, were 26 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 20 cents per share.

The developer and operator of desalination plants posted revenue of $32.9 million in the period.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CWCO at https://www.zacks.com/ap/CWCO

For copyright information, check with the distributor of this item, STATS Perform dba Automated Insights. , source Associated Press News