Flowserve Corporation Bottom Line Falls 56% In Q2

(RTTNews) - Flowserve Corporation (FLS) revealed a profit for second quarter that lost ground from last year.

The company said its earnings totaled $29.44 million, or $0.22 per share. This was down from $67.13 million, or $0.51 per share, in last year's second quarter.

The company said revenue for the quarter fell 14.6% to $877.06 million. This was down from $1027.39 million last year.

Flowserve Corporation earnings at a glance:

-Earnings (Q2): $29.44 Mln. vs. $67.13 Mln. last year. -Earnings Decline (Y-o-Y): -56.1% -EPS (Q2): $0.22 vs. $0.51 last year. -EPS Decline (Y-o-Y): -56.9% -Revenue (Q2): $877.06 Mln vs. $1027.39 Mln last year. -Revenue Change (Y-o-Y): -14.6%

-Guidance: Full year EPS guidance: $1.30 to $1.50