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Crane: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

STAMFORD, Conn. (AP) — STAMFORD, Conn. (AP) — Crane Co. (CR) on Monday reported second-quarter earnings of $71.6 million.

The Stamford, Connecticut-based company said it had net income of $1.23 per share. Earnings, adjusted for one-time gains and costs, were $1.30 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.

The maker of aerospace, electronics and engineered industrial products posted revenue of $581.2 million in the period.

Crane expects full-year earnings in the range of $4.95 to $5.15 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CR at https://www.zacks.com/ap/CR