Ormat's Earnings Beat Expectations at $0.02, But Profits Fall Short

According to Ormat's (NYSE: ORA) report, earnings per share for the third quarter were $0.36, exceeding analysts' expectations of $0.34 by $0.02. The reported profit for this quarter was $211.8 million, while analyst expectations were $215.53 million.

Ormat's stock closed the day at $81.92, indicating a 12.98% gain over the past three months. The stock has shown a 31.24% increase over the last 12 months. Over the last 90 days, Ormat had 0 positive earnings per share and 6 negative earnings per share.

You can review how Ormat's stock price reacted to past earnings reports here. According to InvestingPro, Ormat's financial health score is "Very Good Performance." You can check the latest earnings reports from Ormat and all of the company's financial information here. Stay informed about all developments related to balance sheets by visiting the Investing.com Earnings Calendar.