Benzinga | Aug 4, 2020 04:39PM EDT

Ormat Technologies Q2 Adj. EPS $0.45 Beats $0.38 Estimate, Sales $174.90M Beat $168.63M Estimate

Ormat Technologies (NYSE:ORA) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.38 by 18.42 percent. This is a 12.5 percent increase over earnings of $0.40 per share from the same period last year. The company reported quarterly sales of $174.90 million which beat the analyst consensus estimate of $168.63 million by 3.72 percent. This is a 4.98 percent decrease over sales of $184.06 million the same period last year.