💨 Abstract

Franklin Electric Co. (FELE) reported a first-quarter net income of $31 million, with earnings of 67 cents per share. These figures missed Wall Street expectations, with analysts forecasting earnings of 73 cents per share. The Fort Wayne, Indiana-based company, which specializes in water and fuel pumping systems, posted revenue of $455.2 million for the quarter.

Courtesy: wtop.com

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