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Amber Swift  |  by www.tradingmarkets.com. All rights reserved. 10.11 | 17:09

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(RTTNews) - Ormat Technologies, Inc. ( | | | ) reported third quarter net income of $13.9 million, compared to $12.

3 million in the year-ago quarter. On a per share basis, earnings were $0.39 per share, flat with the same quarter of 2005.

On average, 5 analysts polled by First Call/Thomson Financial expected the company to earn $0.39 per share for the quarter. There were 35.

6 million weighted average number of shares used in computation of earnings per share in the third quarter of 2006 and 31.6 million shares in the same quarter in 2005. Total revenues for the quarter were $77.

8 million, up from $69.3 million in the prior year quarter. Analysts had revenue consensus estimate of $73.

98 million for the quarter. Commenting on the Company's outlook for the remainder of 2006, Bronicki, President and Chief Executive Officer, stated, "We continue to expect revenues from our Electricity Segment in 2006 of approximately $200 million, and from our Products Segment in 2006 of between $65 and $70 million.

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