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Energy Recovery: 3Q Earnings Snapshot

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ERII at https://www.zacks.com/ap/ERII