Flowserve: Q4 Earnings Insights
Portfolio Pulse from Benzinga Insights
Flowserve (NYSE:FLS) reported Q4 earnings with an EPS of $0.68, beating estimates by 13.33% and showing a revenue increase of $126M from the previous year. This follows a pattern of surpassing EPS estimates in previous quarters, with a notable 4.1% share price increase after last quarter's earnings beat.
February 20, 2024 | 9:05 pm
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Flowserve reported a strong Q4 earnings beat with a 13.33% higher EPS than estimated and a significant year-over-year revenue increase, continuing its trend of surpassing expectations.
Flowserve's Q4 earnings beat and the consistent pattern of surpassing EPS estimates, coupled with a significant revenue increase from the previous year, suggest a positive short-term impact on its stock price. Historical data shows a 4.1% share price increase following last quarter's earnings beat, indicating a likely positive investor reaction to the Q4 results.
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