Dec. 2, 2013, 3:09 PM
Aug. 6, 2013, 11:57 AM
- Otter Tail Corporation (OTTR -4.5%) slides after its Q2 misses on all fronts.
- Electric revenues were $82.9M, compared with $79M for the prior year period.
- Electric retail revenues increased $3.5M, as a result of higher Transmission Cost Recovery Rider revenues and an increase in retail kilowatt-hour sales resulting from colder spring weather in 2013 compared with 2012, as heating-degree days were up 70.3% between the quarters
- For 2013, the company is narrowing its EPS guidance from continuing operations to $1.30 - $1.50 from its previous guidance of $1.30 - $1.55.
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