Energy Recovery reports Q2 EPS (1c), consensus (11c)

Reports Q2 revenue $27.2M, consensus $22.88M. David Moon, President and CEO, commented on the financial results: “Operationally, the second quarter played out as we expected and second quarter revenue of $27 million exceeded the top-end of our guidance of $20-$25 million. As we have stated since the beginning of the year, this year’s revenue cadence is heavily weighted to the third and fourth quarters, and we reaffirm our full-year revenue guidance of $140-$150 million.”