Gorman-Rupp Shares Rise 5.9% After Higher Third-Quarter Profit, Revenue
Gorman-Rupp reported third-quarter profit of $22.7 million, or 86 cents a share, compared with $11.3 million a year earlier. Shares rose 5.9% to $74.31 Friday and are up 56% year to date.
Gorman-Rupp shares advanced after the pump maker reported higher profit and revenue for the third quarter. The stock rose 5.9% to $74.31 Friday and has gained 56% year to date. The company recorded profit of $22.7 million, or 86 cents a share, compared with $11.3 million, or 4