Flowserve (FLS) Tops Q3 EPS by 2c

Flowserve (NYSE: FLS) reported Q3 EPS of $0.81, $0.02 better than the analyst estimate of $0.79. Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.1 billion.

Flowserve maintained its EPS and revenue guidance, but now expects it to track at or around the lower end of its Adjusted EPS and revenue guidance of $3.10 to $3.40 and down 10% to 15%, respectively, both excluding SIHI. This expectation is based upon third quarter year-to-date results and reflects increased uncertainty and reduced visibility in our markets, particularly as it relates to customer spending and order acceptance.

For earnings history and earnings-related data on Flowserve (FLS) click here.

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