OTTER TAIL CORP (OTTR) revealed a profit for first quarter that decreased from last year but beat the Street estimates.
The company's earnings totaled $68.10 million, or $1.62 per share. This compares with $74.34 million, or $1.77 per share, last year.
Analysts on average had expected the company to earn $1.53 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 2.8% to $337.353 million from $347.068 million last year.
OTTER TAIL CORP earnings at a glance (GAAP) :
-Earnings: $68.10 Mln. vs. $74.34 Mln. last year.
-EPS: $1.62 vs. $1.77 last year.
-Revenue: $337.353 Mln vs. $347.068 Mln last year.
-Guidance:
Full year EPS guidance: $5.68 to $6.08
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