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Stock impact report

Ormat Technologies Q3 Earnings Beat Estimates, Revenues Rise Y/Y [Yahoo! Finance]

Ormat Technologies, Inc. (ORA) 
Last ormat technologies, inc. earnings: 2/25 04:30 pm Check Earnings Report
US:NYSE Investor Relations: investor.ormat.com
Company Research Source: Yahoo! Finance
Ormat reported third-quarter 2024 adjusted earnings per share of 42 cents, which beat the Zacks Consensus Estimate of 30 cents by 40%. However, the bottom line declined 10.6% from 47 cents in the year-ago quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. The company reported GAAP earnings of 36 cents per share compared with 59 cents in the year-ago quarter. The year-over-year deterioration can be attributed to the absence of tax income that the company registered in the third quarter of 2023 due to changes in Kenya's tax laws. Ormat Technologies, Inc. price-consensus-eps-surprise-chart | Ormat Technologies, Inc. Quote ORA generated revenues of $211.8 million, almost in line with the Zacks Consensus Estimate. The top line rose 1.8% year over year, driven by higher revenues from its electricity segment. Electricity: Revenues in this segment amounted to $164.6 million, up 4.7% year over year. This upside was primarily driven by revenue contri Show less Read more
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