Ormat (ORA) Q1 Earnings Miss Estimates, Revenues Rise Y/Y

Ormat Technologies Inc. (ORA) reported first-quarter 2024 adjusted earnings per share of 65 cents, which missed the Zacks Consensus Estimate of 68 cents by 4.4%. The bottom line, however, improved a solid 27.5% on a year-over-year basis.The company reported GAAP earnings of 64 cents per share compared with 51 cents in the year-ago quarter.RevenuesORA generated revenues of $224.2 million, which missed the Zacks Consensus Estimate by 0.1%. However, the top line rose 21.1% year over year, driven by higher reve ...