Otter Tail Corp (OTTR) Declares $0.3125 Quarterly Dividend; 3.6% Yield
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Otter Tail Corp (OTTR) Misses Q3 Views; Reaffirms
November 2, 2016 6:40 PM EDTOtter Tail Corp (NASDAQ: OTTR) reported Q3 EPS of $0.37, $0.08 worse than the analyst estimate of $0.45 (1 estimate). Revenue for the quarter came in at $197.2 million versus the consensus estimate of $204 million (1 estimate.
GUIDANCE:
Otter Tail Corp sees FY2016 EPS of $1.50-$1.65, versus the consensus of $1.65.
Otter Tail's employees worked hard to overcome a number of challenges this quarter, and we remain confident in our plans and in our full year expectations, said Otter Tail Corporation President and CEO Chuck MacFarlane.
Electric segment results were negatively impacted by $0.03 per diluted... More
