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HomeStock MarketFlowserve shares surge 33% on earnings beat; sheds asbestos liabilities (FLS:NYSE)

Flowserve shares surge 33% on earnings beat; sheds asbestos liabilities (FLS:NYSE)


nimis69/E+ through Getty Pictures

Flowserve (FLS) shares jumped as a lot as 33% on Wednesday to a report excessive after the economic tools maker reported stronger-than-expected third-quarter earnings and introduced a deal to completely get rid of its long-standing asbestos liabilities.

The corporate, which manufactures pumps, valves and seals



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