Consolidated Water Co. Ltd. ( CWCO - Free Report ) reported third-quarter 2016 earnings of 12 cents per share, lagging the Zacks Consensus Estimate of 16 cents by 25%. Total Revenue In the quarter under review, Consolidated Water's total revenue was $14.4 million, missing the Zacks Consensus Estimate of $16 million by 10%. Reported revenues were also marginally lower than the year-ago tally of $14.6 million. Segment Details Retail Water Operations revenues in the third quarter were down 7% year over year to $5.45 million. Volume of water sold in 2016 by the Cayman retail operations were up nearly 2% from the 2015 level. However, the decline in energy costs and adjustment of the Cayman retail base rates under the company's retail license was responsible for the revenue decline. Bulk Water Operations revenues in the third quarter were down 6.3% year over year to $7.42 million due to lower contribution from the Bahamas and Cayman operations.