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News  ›  The Motley Fool

Why Flowserve Stock Soared Today

The Motley Fool Logo The Motley Fool By Rich Smith
Why Flowserve Stock Soared Today

Flowserve reported mixed Q3 earnings with strong GAAP profit and growth in power equipment sales, leading to a significant stock price surge despite modest overall sales growth.

Insights
SMMNY   positive

Identified as a key market leader in medical imaging technologies and reagents


FLS   positive

Stock rose 28.86% due to tripling of GAAP earnings, strong power equipment bookings (23% growth), attractive valuation metrics, and analyst forecast of 20% long-term earnings growth