Flowserve Corp. (FLS) announced Friday morning that it now expects to report full year 2009 EPS at or above the high end of its previously announced guidance range of $7.20 to $7.50, including approximately $0.90 per share in realignment charges. Full year 2010 EPS is expected to come in between $6.35 to $7.15, which includes approximately $0.26 per share in realignment charges and an expected first quarter after-tax charge of around $0.25 per share.
Flowserve Corp. gapped down Friday and declined in the final 2 1/2 hours of trade. The stock finished lower by $5.02 at $90.17 on above average volume. Flowserve has been losing ground for over 2 weeks and closed at nearly a 5-month low.
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