Aqua America slips on missed targets
- From: Vol 9, Issue 3 (March 2008)
- Category: General
- Region: Americas
- Country:
- Related Companies: Aqua America
For the second year running, Aqua America’s earnings have grown by a fraction of the target set by management. The stock performance sums up the market’s view.
Aqua America’s stock slumped by more than 5% after the company announced on 27 February that it had missed a number of key targets for the year ended 31 December 2007. Despite seeing revenues rise by 13% to $602.5 million last year, the company’s net income rose by just 3% – far short of its 10% target, while ...
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