Flowserve Corp. (FLS) reported second quarter 2010 earnings per share from continuing operations of $1.72, exceeding the Zacks Consensus Estimate of $1.65. Earnings per share, excluding realignment charges of 10 cents, were higher primarily due to an improvement in gross margin by 30 basis points and a reduction of $30 million in SG&A expenses compared [...] (FLS) Flowserve Second Quarter 2010 Earnings Ahead of Consensus