Investing.com - Franklin Electric reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Franklin Electric announced earnings per share of $1.26 on revenue of $551.70. Analysts polled by Investing.com anticipated EPS of $1.25 on revenue of $552.7M.
Franklin Electric shares are down 18% from the beginning of the year and are trading at $86.94 , down-from-52-week-high.
Franklin Electric follows other major Industrials sector earnings this month
Franklin Electric's report follows an earnings beat by United Parcel Service on Tuesday, who reported EPS of $2.99 on revenue of $24.2B, compared to forecasts EPS of $2.86 on revenue of $24.4B.
Raytheon Technologies had beat expectations on Tuesday with third quarter EPS of $1.21 on revenue of $17B, compared to forecast for EPS of $1.14 on revenue of $17.31B.
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