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Ormat Technologies: 3Q Earnings Snapshot

·1 min read

RENO, Nev. (AP) _ Ormat Technologies Inc. (ORA) on Tuesday reported third-quarter profit of $15.7 million.

The Reno, Nevada-based company said it had net income of 31 cents per share.

The geothermal company posted revenue of $158.9 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $161.3 million.

Ormat Technologies shares have fallen almost 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $72.42, a decrease of nearly 4% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ORA at https://www.zacks.com/ap/ORA