Ormat Technologies Q1 2024 Adj EPS $0.65 Beats $0.63 Estimate, Sales $224.166M Beat $218.775M Estimate
Portfolio Pulse from Benzinga Newsdesk
Ormat Technologies (NYSE:ORA) reported Q1 2024 earnings of $0.65 per share, surpassing the $0.63 estimate, marking a 27.45% increase from last year. Sales reached $224.166M, exceeding the $218.775M forecast and showing a 21.02% increase from the previous year.
May 08, 2024 | 9:07 pm
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Ormat Technologies reported a strong Q1 2024 performance with earnings and sales surpassing estimates, indicating robust growth.
Ormat Technologies' earnings and sales beat not only demonstrates the company's ability to exceed analyst expectations but also shows significant year-over-year growth. This performance is likely to positively influence investor sentiment and could lead to an uptick in ORA's stock price in the short term.
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