Crane: Q1 Earnings Snapshot
STAMFORD, Conn. (AP) _ Crane Co. (CR) on Monday reported first-quarter net income of $105 million.
The Stamford, Connecticut-based company said it had profit of $1.81 per share.
The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.68 per share.
The maker of engineered industrial products posted revenue of $801.1 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $795.9 million.
Crane expects full-year earnings in the range of $7 to $7.40 per share.