Flowserve beats by $0.13, misses on revs; reaffirms FY11 EPS guidance (134.64 -0.31)
Reports Q1 (Mar) earnings of $1.72 per share, $0.13 better than the Thomson Reuters consensus of $1.59; revenues rose 4.0% year/year to $997.2 mln vs the $1011.9 mln consensus. Co reaffirms guidance for FY11, sees EPS of $7.10-8.00 vs. $7.83 Thomson Reuters consensus. Backlog increased to $2.81 billion, including currency benefits of approximately $71 million, compared to $2.59 billion in backlog at December 31, 2010.
Joined Nov 11, 2007
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