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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