IRVING, Texas (AP) _ Flowserve Corp. (FLS) on Wednesday reported fourth-quarter earnings of $16.7 million.

On a per-share basis, the Irving, Texas-based company said it had profit of 13 cents. Earnings, adjusted for non-recurring costs, came to 45 cents per share.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

The company that makes pumps, valves and other parts for the oil and gas industries posted revenue of $919.5 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $948.6 million.

For the year, the company reported profit of $125.9 million, or 96 cents per share. Revenue was reported as $3.54 billion.

Flowserve expects full-year earnings in the range of $1.70 to $1.90 per share.

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