Otter Tail Corp. (OTTR) Monday reported first-quarter profit of $15.2 million or $0.41 per share, up from $10.2 million or $0.28 per share in the same period last year.
On average, four analysts polled by Thomson Reuters expected the company to earn $0.34 per share. Analysts' estimates typically exclude special items. Analysts' estimates typically exclude special items.
Revenues dropped to $218.0 million from $219.9 million last year. Analysts expected revenues of $224.25 million.
Looking ahead, the company has reaffirmed its full-year earnings guidance range of $1.30 to $1.55 per share. Analysts currently expect full-year earnings of $1.41 per share.
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