Shares of Ormat Technologies (NYSE:ORA) fell in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share fell 48.89% year over year to $0.23, which missed the estimate of $0.25.
Ormat Technologies (NYSE:ORA) reported quarterly earnings of $0.23 per share which missed the analyst consensus estimate of $0.25 by 8 percent. This is a 48.89 percent decrease over earnings of $0.45 per share from the
Looking at Q1, Ormat Technologies (NYSE:ORA) earned $49.89 million, a 6.21% increase from the preceding quarter. Ormat Technologies's sales decreased to $166.35 million, a 7.26% change since Q4. Ormat Technologies earned $53.20 million, and sales totaled $179.38 million in Q4.
Shares of Ormat Technologies (NYSE:ORA) fell by 13.32% in the past three months. Before having a look at the importance of debt, let us look at how much debt Ormat Technologies has.
Ormat Technologies Inc. (NYSE:ORA) announced today that it has secured a new contract with Star Energy Geothermal Salak to supply products to extends the Salak geothermal field in Indonesia. The Salak geothermal field is