logo
Share SHARE
FONT-SIZE Plus   Neg

Otter Tail Q2 Profit Beats Estimates - Quick Facts

Otter Tail Corp. (OTTR) reported that its second-quarter income from continuing operations increased to $10.0 million or $0.27 per share, from $7.5 million or $0.21 per share, prior year.

Analysts polled by Thomson Reuters expected the company to report profit per share of $0.23 for the quarter. Analysts' estimates typically exclude special items.

Revenues were $234.6 million compared to $212.4 million, a year ago. Analysts expected revenue of $221.20 million for the quarter.

The corporation narrowed its 2014 earnings guidance range to $1.65 to $1.80 per share, from previously announced range of $1.60 to $1.80, based on its strong performance in the first half of 2014. Analysts expect company to report 2014 profit per share of $1.73.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Low-cost airline Allegiant Air announced its order for brand-new aircraft for the first time in its history. The carrier announced on Friday it had reached a deal to purchase 12 current-generation models of Airbus' A320 narrow-body jets. The company termed the deal as "another step towards Allegiant's... Los Angeles City officials have filed criminal charges against Soylent CEO Robert Rhinehart for placing a bright red shipping container on Montecito Heights hillside as part of his "experiment in sustainable living." City Attorney Mike Feuer Friday announced that his office has filed multiple criminal... A new study says that if Hillary Clinton is elected then her proposals will strengthen the U.S. economy and create millions of jobs. According to Moody's Analytics, Hillary Clinton's economic proposal would oversee a "somewhat stronger U.S. economy." The conclusion was reached after assessing her...
comments powered by Disqus
Follow RTT