Rochester,NY 8/11/2009 11:38:52 PM
Ormat Technologies, Inc., ORA - Ormat Tech beats by $0.07
Ormat Technologies, Inc.
Ormat Tech beats on revs, beats by $0.07, guides FY09 revs in-line Reports Q2 (Jun) earnings of $0.35 per share, $0.07 better than the First Call consensus of $0.28; revenues rose 24.9% year/year to $100.2 mln vs the $92.5 mln consensus.
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Co issues in-line guidance for FY09, sees FY09 revs of $382.0-400.0 mln vs. $390.69 mln consensus. With the delay in the commercial operation of North Brawley, co expects their 2009 Electricity Segment revenues to be $252.0-260.0 mln. ORA also expects additional revenues of approx $9 mln from share of electricity revenues generated by Mammoth that is accounted for under the equity method.
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