Energy Recovery (ERII) Reports Q1 Loss, Misses Revenue Estimates

Energy Recovery (ERII) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to loss of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1,200%. A quarter ago, it was expected that this maker of energy recovery devices would post earnings of $0.42 per share when it actually produced earnings of $0.50, delivering a surprise of 19.05%.Over the last four quar ...