Gorman-Rupp Q3 Adj EPS $0.34 Beats $0.32 Estimate, Sales $167.46M Beat $163.79M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gorman-Rupp (NYSE:GRC) reported Q3 earnings of $0.34 per share, beating the analyst consensus estimate of $0.32 by 6.25%. This is a 36% increase from the same period last year. The company also reported quarterly sales of $167.46 million, beating the estimate of $163.79 million by 2.24%, an 8.88% increase from last year.
October 27, 2023 | 10:32 am
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POSITIVE IMPACT
Gorman-Rupp's Q3 earnings and sales beat estimates, with a YoY increase of 36% and 8.88% respectively.
Gorman-Rupp's Q3 earnings and sales exceeded estimates, which is generally seen as a positive sign by investors and could lead to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100