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Flowserve Profit Rises 8 Percent In 1Q
Stock quotes in this article:
FLS
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DALLAS (AP) — Pump and valve maker Flowserve Corp. said Wednesday first-quarter profit rose 8 percent on higher sales and tighter cost controls.
Net income for the period ended March 31 was $92.3 million, or $1.64 per share, up from $88 million, or $1.52 per share, in the same period last year. Sales inched up 3 percent to $1 million from $993,319.
Analysts surveyed by Thomson Reuters expected earnings of $1.49 on revenue of $1 million. ...
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