Gorman-Rupp (NYSE:GRC) reported fourth-quarter earnings that surpassed analyst expectations, with adjusted EPS of $0.34 exceeding the consensus by $0.05 and revenue of $105.7 million beating by $8.98 million. Despite the positive earnings surprise, the company’s stock experienced a slight decline. The company also announced a quarterly dividend of $0.18 per share.
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Gorman-Rupp stock slips even as Q4 earnings top forecasts
Gorman-Rupp (NYSE:GRC) reported fourth-quarter earnings that surpassed analyst expectations, with adjusted EPS of $0.34 exceeding the consensus by $0.05 and revenue of $105.7 million beating by $8.98 million. Despite the positive earnings surprise, the company’s stock experienced a slight decline. The company also announced a quarterly dividend of $0.18 per share.