Otter Tail Corp (OTTR) Tops Q3 EPS by 2c

Otter Tail Corp (NASDAQ: OTTR) reported Q3 EPS of $0.43, $0.02 better than the analyst estimate of $0.41. Revenue for the quarter came in at $242.4 million versus the consensus estimate of $240.75 million.

Otter Tail Corp maintains FY2014 EPS of $1.65-$1.80, versus the consensus of $1.74.

"Our electric, manufacturing, and infrastructure businesses, in aggregate, are continuing the strong performance we reported midyear," said Otter Tail Corporation CEO Jim McIntyre. "This quarter's revenues and net income from continuing operations are each up more than 5% compared with third quarter last year."

"Net income in our Electric segment was slightly lower in this year's third quarter, impacted by cooler summer weather and higher maintenance and repair expenses. But earnings from capital investments in five large regional transmission projects and the environmental upgrade at Big Stone Plant remain solid. These projects are on schedule and within or under budget with appropriate regulatory cost recovery mechanisms in place.

For earnings history and earnings-related data on Otter Tail Corp (OTTR) click here.

You May Also Be Interested In

• Nvidia pitches Vera CPU to Chinese clients with August delivery target
• Dollarama Inc. (DOL:CN) (DLMAF) PT Raised to Cdn$221 at BMO Capital
• 51Talk Online Education Group (COE) Reports Q1 EPS of $0.00