Flowserve (FLS) Misses Q2 EPS by 4c, Updates Guidance
Flowserve (NYSE: FLS) reported Q2 EPS of $0.37, $0.04 worse than the analyst estimate of $0.41. Revenue for the quarter came in at $898.2 million versus the consensus estimate of $896.32 million.
Revised 2021 Guidance:
Flowserve today raised certain of the full-year metrics of our 2021 target range.
| Revised Target Range | Prior Target Range | ||
Revenues | Down 2.0% to 4.0% | Down 3.0% to 5.0% | ||
Adjusted Earnings Per Share | $1.45 - $1.65 | $1.40 - $1.60 | ||
Adjusted Tax Rate | 21%-23% | 22%-24% |
For earnings history and earnings-related data on Flowserve (FLS) click here.