* Q2 EPS $0.56 vs est $0.68
* Q2 sales $268.2 mln vs est $283.3 mln
July 25 (Reuters) - Graco Inc, a maker of fluid-handling systems and components, posted lower-than-expected quarterly results on weak demand in Europe.
Net income fell to $34.4 million, or 56 cents per share for the second quarter ended June 29, from $38.1 million, or 61 cents per share, a year ago.
Sales at Graco, which makes equipment that applies paint and other finishes to a broad range of manufactured goods, jumped 14 percent to $268.2 million.
Analysts on average had expected earnings of 68 cents per share on revenue of $283.3 million, according to Thomson Reuters I/B/E/S.
Sales at the industrial business -- Graco’s largest segment -- decreased 6 percent in Europe, while those at the contractor segment dropped 12 percent.
Shares of Minneapolis, Minnesota-based Graco, which has a market value of $2.55 billion, closed at $42.38 on Wednesday on the New York Stock Exchange. (Reporting by Ritika Rai in Bangalore; Editing by Maju Samuel)