Brief: Otter Tail Q1 EPS $0.60

Otter Tail

06/05/2020 01:39

May 5 (Reuters) - Otter Tail Corp  OTTR.O :
    * ORATION ANNOUNCES FIRST QUARTER EARNINGS
    * SEES FY 2020 EARNINGS PER SHARE $2.00 TO $2.25
    * Q1 REVENUE $234.7 MILLION VERSUS REFINITIV IBES ESTIMATE
OF
$250.3 MILLION
    * Q1 EARNINGS PER SHARE $0.60
    * Q1 EARNINGS PER SHARE ESTIMATE $0.67 -- REFINITIV IBES
DATA
    * CORPORATION MAINTAINS ITS LONG-TERM EARNINGS PER SHARE
GROWTH
RATE OF 5% TO 7% OFF A 2019 BASE
    * IN Q2 ANTICIPATE REDUCED OVERALL ELECTRIC SALES IN
COMMERCIAL
AND INDUSTRIAL SEGMENTS
    * CONSTRUCTION OF MERRICOURT WIND ENERGY CENTER REMAINS ON
BUDGET
    * CONSTRUCTION OF ASTORIA STATION NATURAL GAS-FIRED
COMBUSTION
TURBINE GENERATION PROJECT REMAINS ON TIME AND ON BUDGET
    * EXPECT CAPITAL EXPENDITURES FOR 2020 TO BE $385 MILLION

Source text for Eikon:  ID:nBw1hkxL9a 
Further company coverage:  OTTR.O 

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