Flowserve Misses Earnings Estimates (FLS)

After the closing bell on Wednesday, Flowserve FLS reported that its Q2 net earnings fell to $91.65 million, or $1.62 per share, compared to $108.22 million, or $1.92 per share in the year ago period. This came in below analysts' EPS estimates of $1.65. Quarterly sales were $961.10 million, which was less than the $1.09 billion that the company reported in the second quarter of 2009. FLS' revenue numbers missed consensus Street estimates of $1.00 billion. The company reaffirmed its 2010 full year EPS range between $6.35 and $7.15. This compares to analysts' expectations of $6.88. In the after hours trading session, FLS has lost 2.34% to $93.50.