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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100