Otter Tail Power (OTTR) Posts Q2 EPS of $0.04, Shy of Views; Lower FY10 EPS Outlook; Declares $0.2975 Quarterly Dividend

Otter Tail Power (Nasdaq: OTTR) reports Q2 EPS of $0.04, versus the analyst estimate of $0.11. Revenue for the quarter was $270.20 million, which compares to the estimate of $252.15 million. On August 2, 2010 the Board of Directors declared a quarterly common stock dividend of $0.2975 per share. This dividend is payable September 10, 2010 to shareholders of record on August 13, 2010. The Board also declared quarterly dividends on the corporation's four series of preferred stock, payable September 1, 2010 to shareholders of record on August 13, 2010. Lowers FY10 EPS outlook from $1.00 - $1.40 to $0.70 - $1.00, compared to the consensus of $1.04.... Read more

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