10:56 AM EDT, 08/01/2024 (MT Newswires) -- California Water Service Group ( CWT ) shares rose as much as 2.2% in recent trading Thursday, before surrendering those gains, after the company reported better-than-expected Q2 results.

The company reported Q2 earnings of $0.70 per diluted share, up from $0.17 a year earlier.

Three analysts polled by Capital IQ expected $0.42.

Operating revenue for the quarter ended June 30 was $244.3 million, up from $194 million a year earlier.

Two analysts surveyed by Capital IQ expected $216.3 million.

The company maintained its quarterly dividend at $0.28 per share, payable Aug. 23 to shareholders of record on Aug. 12.

Price: 52.83, Change: -0.63, Percent Change: -1.18