06:02 PM EDT, 05/08/2024 (MT Newswires) -- Ormat Technologies ( ORA ) reported Q1 adjusted earnings late Wednesday of $0.65 per diluted share, up from $0.51 a year ago.

Analysts polled by Capital IQ expected $0.61.

Revenue for the quarter ended March 31 rose to $224.2 million from $185.2 million a year ago. Analysts expected $218.8 million.

For 2024, the company said it continues to expect revenue of $860 million to $910 million. The consensus is for $889.5 million.

Ormat ( ORA ) kept its quarterly dividend at $0.12 per share, payable June 5 to stockholders of record May 22.