Ormat Technologies Q2 Adj EPS $0.40 Beats $0.34 Estimate, Sales $194.80M Miss $197.12M Estimate
Portfolio Pulse from saritha@benzinga.com
Ormat Technologies (NYSE:ORA) reported Q2 earnings of $0.40 per share, beating the analyst consensus estimate of $0.34 by 17.65%. However, the company's quarterly sales of $194.80 million missed the analyst consensus estimate of $197.12 million by 1.18%. The earnings represent an 81.82% increase from the same period last year, while the sales represent a 15.21% increase.
August 04, 2023 | 12:17 pm
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Ormat Technologies reported better than expected Q2 earnings but missed on sales. This mixed report may lead to volatility in the stock price.
Ormat Technologies reported a strong increase in earnings, beating estimates, which is positive for the stock. However, the company missed sales estimates, which is a negative factor. These mixed results could lead to short-term volatility in the stock price.
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