FONT-SIZE Plus   Neg

Otter Tail Q1 Profit Rises - Quick Facts

Diversified utilities company Otter Tail Corp. (OTTR) reported first-quarter net income of $7.2 million or $0.20 per share, compared to $5.7 million or $0.15 per share last year.

On average, four analysts polled by Thomson Reuters expected earnings of $0.23 per share for the quarter. Analysts' estimates typically exclude special items.

Total operating revenues for the quarter rose to $277.59 million from $249.15 million in the comparable quarter last year.

Otter Tail said its Board declared a quarterly common stock dividend of $0.2975 per share, payable June 9, 2012 to shareholders as of May 15, 2012.

The Board also declared quarterly dividends on the corporation's four series of preferred stock, payable June 1, 2012 to shareholders of record on May 15, 2012.

Looking ahead to 2012, the company expects earnings from continuing operations to a range of $1.05 to $1.40 from its previously announced range of $1.00 to $1.40 per share.

Street analysts currently expect the company to earn $ 1.13 per share for the full year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Apparel retailer Guess? Inc. (GES) on Tuesday reported a drop in profit for the third quarter, as revenues declined 12 percent. Earnings for the quarter trumped Wall Street estimates, while revenues were in line with expectations. Guess' third-quarter profit dropped to $12.4 million or $0.15 per share... Shares of Hewlett-Packard Co. (HPQ) slipped a near 6 percent in extended session on Tuesday after the computer and printer maker reported a fourth-quarter profit and revenues that fell short of Wall Street estimates, hurt largely by continued weak demand for PC. It is for the last time HP is releasing... Campbell Soup Co. (CPB) reported first-quarter adjusted earnings per share of $0.95, an increase of 22 percent from $0.78, last year. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.76 for the quarter. Analysts' estimates typically exclude special...
comments powered by Disqus
Follow RTT