Franklin Electric inches higher on upbeat 2023 forecast, Q1 beat

FRANKLIN ELECTRIC

02/05/2023 16:48

** Industrial machinery maker Franklin Electric Co Inc's
shares  FELE.O  up 3.2% at $93.4
    ** Co sees better-than-expected 2023 revenue between $2.15
bln and $2.25 bln vs. analyst est. of $2.14 bln - Refinitiv 
    ** FELE expects 2023 adj. EPS between $4.25 and $4.45, also
above analyst est. of $4.15
    ** Co's Q1 earnings of 79 cents per share also beat
analysts' est. of 63 cents per share
    ** Qtrly sales $484.6 mln, against analysts' est. of $476.1
mln
    ** FELE stock up 16.56% YTD

 (Reporting by Rupali Chaudhary in Bengaluru)
 ((Rupali.chaudhary@thomsonreuters.com))