On March 5, 2024, The York Water announced their impressive financial results for the fourth quarter of 2023. They reported a GAAP EPS of $0.420, along with sales totaling $18.096 million. This exceeded analyst expectations of $17.000 million by 6.45%. The sales figure also showed significant growth, with a 19.75% increase compared to the same period in the previous year when sales were at $15.111 million.
YORW Stock Price Drops Slightly on March 5, 2024: What Caused the Dip?
On March 5, 2024, York Water Company (YORW) experienced a slight drop in its stock price, trading near the bottom of its 52-week range and below its 200-day simple moving average. The price of YORW shares decreased by $0.03, representing a 0.08% drop from the previous market close.
YORW opened at $35.63 on March 5, which was $0.14 lower than its previous close. This slight decrease in stock price could be attributed to various factors affecting the market on that particular day. Investors may have been reacting to industry news, economic data, or company-specific developments that influenced their trading decisions.
York Water Company (YORW) Stock Reports Strong Financial Results in 2024: Revenue and Net Income Increase
On March 5, 2024, York Water Company (YORW) stock showed promising performances as the company reported solid financial results for the past year and the third quarter. According to data from CNN Money, YORW’s total revenue for the past year was $60.06 million, which marked an 8.97% increase compared to the previous year. The total revenue for the third quarter stood at $18.77 million, holding flat since the previous quarter.
In terms of net income, YORW reported a net income of $19.58 million for the past year, showing a 15.28% increase compared to the previous year. The net income for the third quarter was $7.57 million, indicating a 16.0% increase since the previous quarter.
Furthermore, YORW’s earnings per share (EPS) also showed positive growth. The EPS for the past year was $1.40, reflecting an 8.01% increase compared to the previous year. The EPS for the third quarter was $0.53, showing a 15.9% increase since the previous quarter.
