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

Energy Recovery (ERII) came out with a quarterly loss of $0.08 per share versus the Zacks Consensus Estimate of a loss of $0.11. 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 27.27%. A quarter ago, it was expected that this maker of energy recovery devices would post earnings of $0.40 per share when it actually produced earnings of $0.39, delivering a surprise of -2.50%.Over the last four quart ...