OTTER TAIL CORP (OTTR) released earnings for second quarter that Drops, from last year but beat the Street estimates.
The company's bottom line totaled $77.73 million, or $1.85 per share. This compares with $87.00 million, or $2.07 per share, last year.
Analysts on average had expected the company to earn $1.71 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 2.7% to $333.04 million from $342.34 million last year.
OTTER TAIL CORP earnings at a glance (GAAP) :
-Earnings: $77.73 Mln. vs. $87.00 Mln. last year.-EPS: $1.85 vs. $2.07 last year.-Revenue: $333.04 Mln vs. $342.34 Mln last year.
The company has increased FY25 EPS to $6.06 - $6.46 from $5.68 - $6.08
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