Connecticut Water Service Fourth-Quarter Net Income Declines 24%

Connecticut Water Service Inc. (CTWS), a holding company for a real estate unit and three regulated water utilities in the U.S. Northeast, said fourth-quarter net income fell 24 percent.

Net income declined to 16 cents a share from 21 cents the prior year, according to a company regulatory filing today.

Revenue rose to $19.5 million from $15.4 million. It was greater than the $18.5 million average of three analysts’ estimates compiled by Bloomberg.

To contact the reporter on this story: Andrew Herndon in San Francisco at aherndon2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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