Shares in Southwest Water Co. dipped more than 3 percent after the company missed analysts expectations due to delayed construction and increased expenses.

The Los Angeles-based water company reported first quarter net income of $614,000 (3 cents per share), a 20 percent dip from $772,000 (3 cents) from the same period a year earlier, missing analysts predictions of 5 cents per share, according to a Reuters poll. The company said profit was hindered by increased expenses in its southeast division.

Revenues for the Los Angeles-based utility company also decreased 3 percent to $48 million, missing Wall Street’s expectations of $54 million, due to poor weather in Texas, preventing the firm from carrying out construction and repair work at various field locations.

Shares in Southwest Water were down 45 cents, or 3.3 percent, to $13.08 in afternoon trading Monday on the Nasdaq.