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Flowserve Corporation Q1 adjusted earnings Inline With Estimates

Flowserve Corporation (FLS) reported earnings for first quarter that declined from the same period last year.

The company's bottom line came in at $15.14 million, or $0.12 per share. This compares with $19.05 million, or $0.15 per share, in last year's first quarter.

Excluding items, Flowserve Corporation reported adjusted earnings of $34.90 million or $0.27 per share for the period.

Analysts had expected the company to earn $0.27 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 6.2% to $919.95 million from $866.32 million last year.

Flowserve Corporation earnings at a glance:

-Earnings (Q1): $34.90 Mln. vs. $34.76 Mln. last year.
-EPS (Q1): $0.27 vs. $0.26 last year.
-Analysts Estimate: $0.27
-Revenue (Q1): $919.95 Mln vs. $866.32 Mln last year.

Full year EPS guidance: $1.50 to $1.70

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