SAN LEANDRO, Calif. (AP) _ Energy Recovery Inc. (ERII) on Thursday reported third-quarter earnings of $5.1 million.
The San Leandro, California-based company said it had profit of 9 cents per share. Earnings, adjusted for non-recurring gains, came to 7 cents per share.
The maker of energy recovery devices posted revenue of $21.8 million in the period.
Energy Recovery shares have increased 38% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $9.31, a rise of 24% in the last 12 months.