Ormat Technologies Reports Third Quarter 2018 Financial Results
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Ormat Technologies (ORA) Misses Q3 EPS by 11c, Revenues Miss; Affirms FY18 Revenue Guidance
November 6, 2018 6:25 AM ESTOrmat Technologies (NYSE: ORA) reported Q3 EPS of $0.31, $0.11 worse than the analyst estimate of $0.42. Revenue for the quarter came in at $116.9 million versus the consensus estimate of $172.97 million.
Total revenues increased nearly 6% and electricity revenues increased more than 5%, commented Isaac Angel, Chief Executive Officer. This steady growth was achieved despite the recent shutdown of our operations at Puna and highlights the diversification we have... More
