Gorman-Rupp Q2 Adj EPS $0.41 Beats $0.27 Estimate, Sales $171.00M Beat $146.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gorman-Rupp (NYSE:GRC) reported Q2 adjusted earnings of $0.41 per share, beating the analyst consensus estimate of $0.27 by 51.85%. The company also reported quarterly sales of $171.00 million, surpassing the analyst consensus estimate of $146.38 million by 16.82%. This represents a 43.62% increase over sales from the same period last year.
July 28, 2023 | 10:31 am
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Gorman-Rupp's Q2 earnings and sales exceeded analyst estimates, indicating a strong financial performance.
Gorman-Rupp's Q2 earnings and sales exceeded analyst estimates, which is typically a positive signal for the company's financial health and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100