Flowserve shares are trading higher after the company reported better-than-expected Q3 financial results. Also, The company raised FY23 adjusted EPS guidance and its FY23 revenue growth guidance.
Portfolio Pulse from Benzinga Newsdesk
Flowerserve reported better-than-expected Q3 financial results and raised its FY23 adjusted EPS and revenue growth guidance, leading to a rise in its share price.
October 26, 2023 | 3:36 pm
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Flowerserve's better-than-expected Q3 results and raised FY23 guidance have led to a rise in its share price.
Flowerserve's strong Q3 results exceeded market expectations, which is a positive signal for investors. Additionally, the company's raised guidance for FY23 indicates confidence in future performance, which can further boost investor sentiment and drive the stock price up.
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RELEVANCE 100