Flowserve Q3 2024 Adj. EPS $0.62 Misses $0.67 Estimate, Sales $1.133B Beat $1.126B Estimate
Portfolio Pulse from Benzinga Newsdesk
Flowserve's Q3 2024 earnings per share missed estimates, but sales exceeded expectations. EPS was $0.62, below the $0.67 estimate, while sales were $1.133 billion, surpassing the $1.126 billion estimate.
October 28, 2024 | 8:05 pm
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Flowserve's Q3 2024 earnings per share of $0.62 missed analyst expectations of $0.67, but sales of $1.133 billion exceeded the $1.126 billion estimate. This mixed result may lead to short-term stock price volatility.
The earnings miss could negatively impact investor sentiment, but the sales beat provides a positive offset. The mixed results suggest potential short-term volatility in Flowserve's stock price.
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IMPORTANCE 80
RELEVANCE 100