Ormat Technologies Q3 Earnings Beat Estimates, Revenues Rise Y/Y
Ormat Technologies(ORA) ZACKS·2024-11-11 22:11
Shares of Ormat Technologies Inc. (ORA) rose 1.5% to $83.13 on Nov. 8, 2024, following the company’s third-quarter 2024 results.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 qu ...