Otter Tail Corp (OTTR) Misses Q3 Views; Reaffirms

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Go back to Otter Tail Corp (OTTR) Misses Q3 Views; Reaffirms

Otter Tail Corporation Announces Third Quarter Earnings, Reaffirms 2016 Earnings Guidance Range; Board of Directors Declares Quarterly Dividend

November 2, 2016 6:00 PM EDT

FERGUS FALLS, Minn., Nov. 02, 2016 (GLOBE NEWSWIRE) -- Otter Tail Corporation (NASDAQ: OTTR) today announced financial results for the quarter ended September 30, 2016.

Summary:

Consolidated operating revenues were $197.2 million compared with $200.0 million for the third quarter of 2015.Consolidated net income and diluted earnings from continuing operations totaled $14.6 million and $0.37 per share, respectively, compared with $15.7 million and $0.42 per share for the third quarter of 2015.Consolidated net income totaled $14.6 million, or $0.37 per diluted share, compared with $15.4 million and $0.41 per diluted share for the third quarter of... More