Flowserve Corp. (FLS) Wednesday reported first-quarter earnings of $97.79 million or $2.01 per share, up from $93.13 million or $1.69 per share in the same period last year.
On average, 14 analysts polled by Thomson Reuters expected the company to earn $1.94 per share for the quarter. Analysts' estimates typically exclude special items.
Pre-tax profit for the quarter increased to $147.63 million from $129.06 million last year.
Revenues improved to $1.10 billion from $1.07 billion last year. Analysts expected revenues of $1.11 billion.
Looking ahead, the company has also reaffirmed its full-year earnings guidance of $9.60 to $10.60 per share. Analysts currently expect full-year earnings of $10.17 per share.
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