Energy Recovery (ERII) Q2 Earnings and Revenues Top Estimates

Energy Recovery (ERII) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 550%. A quarter ago, it was expected that this maker of energy recovery devices would post a loss of $0.11 per share when it actually produced a loss of $0.08, delivering a surprise of 27.27%. Over the ...