Consolidated Water plunges on profit miss

Consolidated Water Co

15/11/2022 18:30

** Shares of Consolidated Water Co Ltd  CWCO.O , a Cayman
Islands-based water solutions company, plunge 17.1% to $14.52 -
set for sharpest daily pct drop in over two years
    ** CWCO reports Q3 adjusted earnings of 2 cents​​/shr,
missing analysts' estimates of 18 cents/shr - Refinitiv data
    ** Co says rise in general and administrative expenses and
higher salaries due to cost-of-living increases were to blame
 urn:newsml:reuters.com:*:nGNX6wTt4S
    ** Total revenue for the quarter, however, increased 53% to
$25.1 mln from last year
    ** Over 6.4 mln shares traded, more than seven times their
25-day moving avg
    ** Accounting for session losses, company's shares up 36.5%
YTD
 (Reporting by Arshreet Singh in Bengaluru)
 ((Arshreet.Singh@thomsonreuters.com))