Flowserve: Q3 Earnings Snapshot

IRVING, Texas (AP) — IRVING, Texas (AP) — Flowserve Corp. (FLS) on Wednesday reported third-quarter earnings of $103 million.

The Irving, Texas-based company said it had net income of 81 cents per share. Earnings, adjusted for one-time gains and costs, came to $1.07 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.

The company that makes pumps, valves and other parts for the oil and gas industries posted revenue of $1.24 billion in the period, meeting Street forecasts.

Flowserve expects full-year earnings in the range of $4.10 to $4.20 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLS at https://www.zacks.com/ap/FLS