Benzinga | Jul 31, 2020 06:19AM EDT

Energy Recovery Q2 Adj. EPS $0.33 Beats $0.10 Estimate, Sales $43.61M Beat $23.72M Estimate

Energy Recovery (NASDAQ:ERII) reported quarterly earnings of $0.33 per share which beat the analyst consensus estimate of $0.10 by 230 percent. This is a 371.43 percent increase over earnings of $0.07 per share from the same period last year. The company reported quarterly sales of $43.61 million which beat the analyst consensus estimate of $23.72 million by 83.84 percent. This is a 91.30 percent increase over sales of $22.80 million the same period last year.