Otter Tail Power (OTTR) Misses Q1 Views; Guides Lower
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Otter Tail Power (Nasdaq: OTTR) reports Q1 earnings of $0.12 per share, below the consensus of $0.33. Revenues came in at $277.2 million, versus the consensus of $310.6 million.
Otter Tail Power sees FY09 EPS of $0.80-$1.20 versus prior guidance of $1.10-$1.50 and the consensus of $1.31.
Otter Tail Power also reached a deal with Bill Gates' Cascade Investment to increase its ownership stake.
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