logo
Share SHARE
FONT-SIZE Plus   Neg

Otter Tail Q2 Profit Beats Estimates - Quick Facts

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Online retail giant Amazon.com Inc. (AMZN) is reportedly in talks to buy luxury online fashion retailer Net-a-Porter. The news of acquisition was first reported by Women's Wear Daily, which said the deal would be completed for about 2 billion euros, indicating the biggest acquisition yet by Amazon.... Tim Cook, the CEO of tech giant Apple Inc., in an interview said he intends to give away all his wealth to charity. Cook, in an interview to Fortune, said he plans to donate all his wealth to philanthropic projects after paying for his 10-year old nephew's college education. According to Fortune,... Is it a 'personal life crisis' that led the Germanwings' co-pilot Andreas Lubitz to deliberately lowering the plane carrying 149 people to French Alps mountain? Police is investigating to find evidences to prove this suggestion.
comments powered by Disqus
Follow RTT