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Otter Tail Q2 Profit Beats Estimates - Quick Facts

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Otter Tail Corp. (OTTR: Quote) 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.

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
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