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What: Shares of Ormat Technologies
So what: Revenue of $97.8 million easily passed estimates of $89.9 million in the quarter, but the bottom line wasn't so impressive. Analysts expected the company to earn a penny, but it reported a loss of $0.20 per share.
Now what: Foreign currency transactions hurt results badly in the quarter, with a $13.1 million loss. Without that, operating income increased from $2.2 million a year ago to $3.1 million this year. So there is a silver lining despite the stock drop today.
I'm optimistic on the long-term prospects, but I just don't see the company as a great value now, given today's disappointing results.
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Fool contributor Travis Hoium has no position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw.
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