Ormat Technologies Reports Second Quarter 2018 Financial Results

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Go back to Ormat Technologies Reports Second Quarter 2018 Financial Results

Ormat Technologies (ORA) Misses Q2 EPS by 12c, Revenues Beat; Boosts FY18 Revenue, Adj. EBIDTA Outlooks

August 7, 2018 5:08 PM EDT

Ormat Technologies (NYSE: ORA) reported Q2 EPS of $0.32, $0.07 worse than the analyst estimate of $0.44. Revenue for the quarter came in at $178.3 million versus the consensus estimate of $175.65 million.

Mr. Angel added, In light of the continued lava flow near the Puna Plant and the accounting treatment that does not allow to record insurance payouts in revenues,... More