CRWEFinance.com Stock Report 11/03/09 ORA, CRVL, CVAT
Posted on 11/3/2009 3:40:44 PM in #Stocks | 0 comments comments
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Ormat Technologies, Inc. (NYSE: ORA) today announced that on October 30 its wholly-owned subsidiary, Ormat Nevada Inc., concluded the purchase of all of the class B membership interests in OPC LLC held by Lehman-OPC LLC, an affiliate of Lehman Brothers Inc., for a purchase price of $18.5 million. A substantial portion of the sale of the class B membership interests by Ormat was accounted for as a financing. As a result, the repurchase of these interests at a discount will result in a pre-tax gain of approximately $13 million in the fourth quarter of 2009.
CorVel Corporation (Nasdaq: CRVL) reported earnings per share of $0.50 for the quarter ended September 30, 2009, a 39% increase compared to $0.36 in the same quarter of the prior year. The Company reported quarterly revenues of $82 million, a 6% increase compared to $78 million in the same quarter of the prior year. Earnings per share for the six months ended September 30, 2009 were $0.99, a 32% increase compared to $0.75 for the same period of the prior fiscal year. The Company reported revenues of $164 million for the six months ended September 30, 2009, a 5% increase compared to $156 million for the same period of the prior fiscal year.
Cavitation Technologies, Inc. (CTI) (OTC Bulletin Board: CVAT) is pleased to announce Producer's Choice Soy Energy (www.pcsoyenergy.com) Moberly, MO biodiesel production plant is performing above expectations.
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