Investing.com - Gorman-Rupp reported on Friday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Gorman-Rupp announced earnings per share of $0.25 on revenue of $153.80. Analysts polled by Investing.com anticipated EPS of $0.36 on revenue of $142.01M.
Gorman-Rupp shares are down 10.54% from the beginning of the year and are trading at $26.80 , down-from-52-week-high.
Gorman-Rupp follows other major Industrials sector earnings this month
Gorman-Rupp'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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