Ormat Technologies (ORA) Q2 Earnings Beat, Revenues Up Y/Y
Zacks Investment Research | Aug 07, 2019 09:15PM ET
Ormat Technologies Inc.’s (NYSE:ORA) second-quarter 2019 adjusted earnings per share (EPS) came in at 40 cents, which surpassed the Zacks Consensus Estimate of 31 cents by 2%. The bottom line also improved 25% from 32 cents registered in the prior-year quarter.
Including a one-time tax benefit, the company reported GAAP earnings of 66 cents per share against a loss of a penny incurred in the year-ago quarter.
The year-over-year improvement in the bottom line can be attributed to higher revenues as well as gross profit generated in the quarter under review.
Ormat Technologies, Inc. Price, Consensus and EPS Surprise
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