Flowserve Corporation (FLS) released a profit for its third quarter that Increased from the same period last year and beat the Street estimates.
The company's bottom line totaled $219.58 million, or $1.67 per share. This compares with $58.38 million, or $0.44 per share, last year.
Excluding items, Flowserve Corporation reported adjusted earnings of $117.49 million or $0.90 per share for the period.
Analysts on average had expected the company to earn $0.8 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 3.5% to $1.17 billion from $1.13 billion last year.
Flowserve Corporation earnings at a glance (GAAP) :
-Earnings: $219.58 Mln. vs. $58.38 Mln. last year.-EPS: $1.67 vs. $0.44 last year.-Revenue: $1.17 Bln vs. $1.13 Bln last year.
-Guidance:Full year EPS guidance: $3.40 - $3.50
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.