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RENO, Nev. (AP) _ Ormat Technologies Inc. (ORA) on Tuesday reported third-quarter net income of $72.1 million.
The Reno, Nevada-based company said it had net income of $1.41 per share. Earnings, adjusted for non-recurring gains, came to 46 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 46 cents per share.
The geothermal company posted revenue of $162.9 million in the period.
Ormat Technologies expects full-year revenue in the range of $570 million to $585 million.
Ormat Technologies shares have climbed 39 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $37.88, a rise of 33 percent in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORA at http://www.zacks.com/ap/ORA
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Keywords: Ormat Technologies, Earnings Report
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Ormat Technologies Inc.
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CODE : ORA |
ISIN : US6866881021 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Ormat technologies is based in United states of america. Ormat technologies holds various exploration projects in Indonesia and in USA. Its main exploration properties are HEBER in USA and SARULLA in Indonesia. Ormat technologies is listed in Germany and in United States of America. Its market capitalisation is US$ 3.8 billions as of today (€ 3.4 billions). Its stock quote reached its highest recent level on February 26, 2021 at US$ 98.73, and its lowest recent point on September 19, 2024 at US$ 75.00. Ormat technologies has 50 597 124 shares outstanding. |