Ormat (ORA) Q2 Earnings Beat Estimates, Revenues Rise Y/Y
ORAOrmat Technologies(ORA) ZACKS·2024-08-07 23:30

Ormat Technologies Inc. (ORA) reported second-quarter 2024 adjusted earnings per share of 40 cents, which beat the Zacks Consensus Estimate of 37 cents by 8.1%. The bottom line was on par with the year-ago quarter’s reported actuals.The adjusted earnings benefited from higher revenues and improved margins, offset by higher interest expenses.The company reported GAAP earnings of 37 cents per share compared with 40 cents in the year-ago quarter.The year-over-year deterioration can be attributed to after-tax w ...