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American Water Works (AWK -0.4%) slips after its Q4 results missed bottom line estimates. Net...

American Water Works (AWK -0.4%) slips after its Q4 results missed bottom line estimates. Net earnings fell 14% Y/Y as the water-utility-holding company was hurt by higher expenses that masked revenue growth at its regulated businesses. Regulated revenue growth was 7.2%, which largely offset a revenue decline of 3.4% at its operations that compete at market prices. Operating margin fell to 24.5% from 27.7% as operation and maintenance costs increased 10%.

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