ENERGY RECOVERY (ERII) Reports Q3 EPS by 1c; Guides for Q4 and FY
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ENERGY RECOVERY INC (NASDAQ: ERII) reports Q3 EPS of $0.01, 1 cent better than the analyst estimate of $0.00. Revenue for the quarter was $9.5 million, which compares to the estimate of $9.74 million.
ERII estimated net revenue for Q4 is between $14.5 to $16.5 million and FT revenue estimate between $46 to $48 million. (consensus is $20.79M and $52.25M, respectively)
Estimated earnings per diluted share for Q4 $0.03 to $0.04 and FY EPS estimate between $0.07 to $0.08 (consensus is $0.08 and $0.11, respectively)
ERI estimates that for 2010, its net revenue will improve by 25% over 2009.
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