WASHINGTON (dpa-AFX) - Flow control products company Flowserve Corp. (FLS), said its second-quarter net income attributable to the company of $123.5 million or $0.90 per share, compared to $120.4 million or $0.84 per share in the prior-year quarter.
On average, seventeen analysts polled by Thomson Reuters expected earnings of $0.93 per share for the quarter. Analysts' expectations typically exclude one time items.
Sales for the latest second quarter declined to $1.22 billion from $1.24 billion in the corresponding quarter last year, while sixteen analysts had a consensus revenue estimate of $1.27 billion for the quarter.
Looking ahead to the full year 2014, the company reaffirmed its earnings in the range of $3.65 per share to $4.00 per share and full year revenues in the lower half of the 3 to 6 percent revenue target range, which includes the impact of a first quarter business sale and foreign currency headwinds.
Analysts currently anticipate earnings of $3.91 per share for the year, with revenues of 3.40%.
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