Franklin Electric (FELE) Tops Q2 EPS by 2c, Reaffirms FY Guidance

Franklin Electric (NASDAQ: FELE) reported Q2 EPS of $0.51, $0.02 better than the analyst estimate of $0.49. Revenue for the quarter came in at $252.1 million versus the consensus estimate of $255.6 million.

“As we look to the second half of the year we believe the underlying organic demand for our products is steadily improving. We remain cautious about our business in the Middle East and specifically, Turkey, as recent political disruptions create uncertainty. Considering these factors, we re-affirm our annual guidance of $1.60 to $1.70 adjusted earnings per share for full year 2016.”

For earnings history and earnings-related data on Franklin Electric (FELE) click here.

You May Also Be Interested In

• Piper Sandler sees Google TPU sales hitting $104BN by 2028
• Arm Holdings falls as CFO stock sale weighs on sentiment
• Darden Restaurants (DRI) Reports In-Line Q1 EPS, Misses on Revenue; Offers FY27 EPS Guidance