Tag Archives: ormat tech

Ormat Tech (ORA) Beats, Expects Stronger 2nd Half

Ormat Tech (ORA), the geothermal giant, beat Wall ST estimates on both the EPS and revenue side this morning.  The company reported an EPS 1 cent better than estimates at .04/share and revenues about $5 million higher than estimates at $82.7 million.  While the company beat low expectations, that’s a big haircut on the EPS side from the year ago quarter when the company posted .28/share.  Revenues declined about 20%.

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