Energy Recovery (NASDAQ:ERII) reported quarterly earnings of $0.12 per share which beat the analyst consensus estimate of $0.10 by 16.5 percent. This is a 42.86 percent decrease over earnings of $0.21 per share from the same period last year. The company reported quarterly sales of $32.000 million which missed the analyst consensus estimate of $32.933 million by 2.83 percent. This is a 17.06 percent decrease over sales of $38.584 million the same period last year.