Ormat Technologies (ORA) Lags Q1 Earnings and Revenue Estimates

Ormat Technologies (ORA) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.41%. A quarter ago, it was expected that this geothermal company would post earnings of $0.60 per share when it actually produced earnings of $0.67, delivering a surprise of 11.67%.Over the last four quarters, ...