Revenue Update on Consolidated Water Co. Ltd.(NASDAQ:CWCO)

Consolidated Water Co. Ltd.(NASDAQ:CWCO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $15.40M. Analysts estimated a revenue of $16.65M. Earnings per share were $0.15. Analysts had estimated an EPS of $0.16.

Consolidated Water Co. Ltd. (CWCO) shares turned negative on Wednesdays trading session with the shares closing down -0.09 points or -0.74% at a volume of 71,206. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.155. The peak price level was also seen at $12.155 while the days lowest was $12.04. Finally the shares closed at $12.07. The 52-week high of the shares is $14.69 while the 52-week low is $9.75. According to the latest information available, the market cap of the company is $179 M.

Several Insider Transactions has been reported to the SEC. On May 19, 2016, John Tonner (CHIEF OPERATING OFFICER) sold 4,600 shares at $14.00 per share price.Also, On May 17, 2016, Gregory S. Mctaggart (VP OF CAYMAN OPERATIONS) sold 4,721 shares at $14.15 per share price.On Nov 30, 2015, Robert B. Morrison (VP of Procurement & Logistics) sold 1,015 shares at $12.36 per share price, according to the Form-4 filing with the securities and exchange commission.

Consolidated Water Co. Ltd. develops and operates seawater desalination plants (that utilize reverse osmosis technology) and water distribution systems in areas where naturally occurring supplies of potable water are scarce or non-existent. The Company operates in three segments: retail water operations bulk water operations and services operations. The Company’s retail water operations supply water to end users including residential commercial and government customers. Its bulk water operations supply water to government-owned distributors. The Company’s retail and bulk operations serve customers in the Cayman Islands The Bahamas Belize the British Virgin Islands and Indonesia. Its services operations provide engineering and management services which include the design and construction of desalination plants and the management and operation of desalination plants owned by affiliated companies.

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