RENO, Nev. (AP) 鈥� RENO, Nev. (AP) 鈥� Ormat Technologies Inc. (ORA) on Wednesday reported second-quarter earnings of $27.1 million.
The Reno, Nevada-based company said it had net income of 43 cents per share. Earnings, adjusted for non-recurring costs, were 50 cents per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The geothermal company posted revenue of $258.8 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $235.9 million.
Ormat Technologies expects full-year revenue in the range of $1.15 billion to $1.2 billion.
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