Ormat Technologies, Inc. (ORA) Misses Q2 EPS by 10c

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Go back to Ormat Technologies, Inc. (ORA) Misses Q2 EPS by 10c

Ormat Technologies Reports 2014 Second Quarter Results

August 5, 2014 6:56 PM EDT

Net income for the second quarter of $9.1 million or $0.20 per share attributable to company's shareholders

Product segment backlog increased to a record $376.0 million

Company maintains 2014 annual revenue guidance

RENO, Nev., Aug. 5, 2014 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) announced today its financial results for the second quarter of 2014.

Quarterly financial and operational highlights:

Quarterly revenues were $127.6 million, a 16.4% decrease from the second quarter of 2013 as a result of an expected reduction in Product Segment revenues. For... More