This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:SJW Corp. Announces Third Quarter Financial Results 2009-10-28 19:00 ET - News Release Board Declares Quarterly Dividend on Common Stock
SAN JOSE, Calif. -- (Business Wire)
SJW Corp. (NYSE:SJW) today reported financial results for the third
quarter ended September 30, 2009. Operating revenue was $69.3 million
versus $69.5 million for the same period in 2008. The decrease of
approximately $200,000 primarily reflects a decrease of $3.2 million
resulting from declining customer water usage, as well as $881,000 in
lower revenue from real estate operations due to a tenant vacancy in the
real estate portfolio. The revenue decreases were partially offset by
cumulative rate increases of $3.5 million and revenue from new customers
of $372,000.
Net income was $8.0 million for the third quarter, compared to $8.3
million in the same period of 2008. Diluted earnings per share were
$0.43, compared to $0.44 per share for the third quarter in 2008.
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