Benzinga | Jul 30, 2020 04:22PM EDT

Energy Recovery Q2 EPS $0.30 Beats $0.10 Estimate, Sales $43.60M May Not Compare To $23.72M Estimate

Energy Recovery (NASDAQ:ERII) reported quarterly earnings of $0.30 per share which beat the analyst consensus estimate of $0.10 by 200 percent. This is a 328.57 percent increase over earnings of $0.07 per share from the same period last year. The company reported quarterly sales of $43.60 million which beat the analyst consensus estimate of $23.72 million by 83.81 percent. This is a 91.26 percent increase over sales of $22.80 million the same period last year.