OTTER TAIL CORP (OTTR) announced a profit for third quarter that Dropped, from last year and missed the Street estimates.
The company's earnings totaled $78.29 million, or $1.86 per share. This compares with $85.48 million, or $2.03 per share, last year.
Analysts on average had expected the company to earn $1.87 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 3.7% to $325.56 million from $338.03 million last year.
OTTER TAIL CORP earnings at a glance (GAAP) :
-Earnings: $78.29 Mln. vs. $85.48 Mln. last year.-EPS: $1.86 vs. $2.03 last year.-Revenue: $325.56 Mln vs. $338.03 Mln last year.
The company increases FY25 diluted earnings per share guidance to a range of $6.32 to $6.62 from $6.06 to $6.46.
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