Author: David Fisher

Proofpoint Shares Tank as Increase in Costs Overshadows Earnings Beat

Proofpoint Shares Tank as Increase in Costs Overshadows Earnings Beat

Shares of Proofpoint (PFPT), a security and compliance firm, slumped early on Friday as the pace of growth in its costs and expenses took the shine off a beat on both sales and earnings in the third quarter. Total revenue rose to $184.2 million during the three months that ended September 30 as billings surged, from $134.7 million a year […]

Gorman-Rupp Posts Q3 Results Above Single Analyst Estimate

Gorman-Rupp Posts Q3 Results Above Single Analyst Estimate

Gorman-Rupp Company (GRC) reported Friday financial results for Q3, with earnings and revenue that both topped single analyst estimates; its board of directors also approved quarterly and special cash dividends. The designer, manufacturer and international marketer of pumps and pump systems posted earnings of $0.45 per share, excluding one-time items, compared with the prior-year period’s $0.32 per share. One analyst […]